Citi and GE Energy Financial Services have closed tax equity financing on Deepwater Wind’s 30MW Block Island wind farm off the Rhode Island coast.
Construction of the wind farm was completed in August and commercial operations are expected to begin in November.
The role of the DE Shaw group, principal owner of Deepwater Wind, remains unchanged with the addition of the two tax equity investors.
GE Energy Financial Services managing director and head of US renewables Kevin Walsh said: “The Block Island wind farm is a landmark project in the US renewables market that GE is proud to support with capital investments and advanced wind energy technology.”
Image: Block Island wind farm (Deepwater Wind)
Investors bite into Block Island
GE, Citi close tax equity financing on Deepwater Wind's 30MW projects
By EBS