Tag Archives: Cape Cod

Cape Wind farm suffers major setback on PPA

Deals between Cape Wind and both NStar and National Grid for power from the proposed Nantucket Sound wind farm have fallen apart, marking a major, and potentially fatal, setback for the offshore wind power project. NStar, which agreed in 2012 to buy 27.5 percent of the power expected to be generated by the 130-turbine wind … Continue reading Cape Wind farm suffers major setback on PPA

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Cape Wind farm and the Bank of Tokyo-Mitsubishi UFJ add Natixis and Rabobank to lead senior debt financing of wind power project

Marking another major Cape Wind financing milestone, Cape Wind and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) announced today they had added Natixis and Rabobank to serve as the project’s Lead Arrangers, to work with BTMU to structure and arrange the syndication of the senior debt financing to additional lenders. The Lead Arrangers are expected … Continue reading Cape Wind farm and the Bank of Tokyo-Mitsubishi UFJ add Natixis and Rabobank to lead senior debt financing of wind power project

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Siemens signs contract for first commercial offshore wind farm in the USA

Siemens and Cape Wind have signed a major contract for the construction of the United States’ first utility-scale offshore wind farm. Once the contract becomes effective later next year, Siemens will supply Cape Wind with its industry-leading 3.6-megawatt offshore wind turbines, an offshore Electric Service Platform (ESP) and a long-term service agreement. When fully built, … Continue reading Siemens signs contract for first commercial offshore wind farm in the USA

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Cape Cod’s first offshore wind farm inks wind turbine deal with Siemens

The developers of a project off the Massachusetts coast that aims to be the nation’s first offshore wind farm announced a deal Monday with Siemens Energy Inc. to make, install and maintain the project’s turbines. Under the agreement, Siemens will build turbines for the project, as well as an offshore electric service platform. Siemens is … Continue reading Cape Cod’s first offshore wind farm inks wind turbine deal with Siemens

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