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Vineyard Wind secures financing

CIP and Avangrid's US offshore wind project is now backed by several major domestic banks, according to Bloomberg News.

Photo: Illustration: Vineyard Wind

Vineyard Wind, the first large-scale offshore wind project in the US, has secured its financing, reports Bloomberg News.

A number of banks, including Bank of America and J.P. Morgan, have invested USD 2.3bn in the large project, which is slated to have a total capacity approaching 2GW and to commission in 2023.

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