Cape Wind secures $400 million in financing
Posted by
Industry News on Mar 26, 2014
Cape Wind announced that it has secured $400 million in financing for its offshore wind farm project in Nantucket Sound. This brings its total fundraising to $1.3 billion, approximately half of its $2.5 billion cost. Cape Wind also expects to qualify for a federal tax credit, which will cover 30 percent of the capital costs. Read more here.
