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First U.S. Offshore Windfarm Secures Full Financing

GALWAY, IRELAND--March 5, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Full financing has been secured for the completion of what will be the first offshore windfarm in the U.S..

Deepwater Wind Block Island, a wholly-owned subsidiary of Deepwater Wind (Providence, Rhode Island) announced that it has closed financing to the tune of $290 million for the 30-megawatt (MW) Block Island Wind Farm, which is already under construction.

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First U.S. Offshore Windfarm Secures Full Financing

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