- Cape Wind has selected The Bank of Tokyo-Mitsubishi UFJ as the Coordinating Lead Arranger of the commercial bank section of its total debt financing for the 468 MW Cape Wind offshore wind farm.
- Cape Wind's financial advisor is Barclays who will work with the company to raise the remaining financing for the project.
- Once finished the offshore wind project will supply power to National Grid and NSTAR as part of separate power purchase agreements.
From the article:
"Obtaining financing is one of the last steps to complete before proceeding with the construction of the project," said Jim Gordon, Cape Wind President. "Together with BTMU, we are engaging a group of experienced financial institutions as our core banking group and look forward to completing the financing of America’s first offshore wind farm which will deliver significant environmental, energy and economic benefits to Massachusetts and the surrounding region." ...