Developers of what may become the first offshore wind farm in U.S. waters said all debt and equity funding for operations is now secured. Deepwater Wind said more than $290 million in project financing was secured from national and international lenders for the construction and operations of the planned 30-megawatt Block Island wind farm planned off the Rhode Island coast. “We’re full speed ahead and moving ever closer to steel in the water,” Deepwater Wind Chief Executive Officer Jeffrey Grybowski said in a Monday statement. The wind farm will generate enough power to meet the annual energy demands of more than 17,000 households. The Rhode Island government signed off on environmental permits for the wind farm last year.
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