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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.