in News Departments > New & Noteworthy
print the content item

Danish pension company PensionDanmark, via the fund Copenhagen Infrastructure I managed by Copenhagen Infrastructure Partners (CIP), has made a $200 million investment in the Cape Wind offshore wind farm.

Following 12 years of development, Cape Wind anticipates financial closing and beginning of construction of the 468 MW project, slated for Nantucket Sound, by year-end.

"This important investment is a milestone in the Cape Wind project. We are pleased to welcome PensionDenmark and CIP into the project as experienced investors in offshore wind," says Cape Wind President Jim Gordon.

"We are delighted to participate in the Cape Wind project. Investing in energy infrastructure is not new to us,” explains Torben Möger Pedersen, CEO of PensionDanmark. “We have made equity investments in two offshore wind farms in Denmark and three onshore wind farms in the U.S. and provided debt financing for onshore wind parks in Sweden and Belgium. At a time when bond yields are very low, this is expected to be an attractive investment opportunity for us."

In addition to the PensionDanmark funding, Cape Wind will be financed through a combination of equity from investors and loans from banks and other institutions. The Japanese Bank of Tokyo-Mitsubishi UFJ is coordinating in-debt financing for the project.




Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995