in News Departments > Projects & Contracts
print the content item

U.S.-based offshore wind developer Cape Wind has signed a consulting services agreement with the North America division of PMSS - a European offshore wind consulting firm and a part of the TUV SUD group.

Under the agreement, PMSS will assist Cape Wind's project management team. The PMSS staff will be a collaboration of both U.S. engineers and consultants and U.K. offshore wind experts, and will provide expertise in environmental, health and safety, quality assurance, risk management and other strategic advice.

This announcement follows a recent financing milestone, when Cape Wind signed a term sheet to engage The Bank of Tokyo-Mitsubishi UFJ as its coordinating lead arranger of the commercial-bank portion of the total debt financing for the 468 MW offshore wind farm, to be located off the coast of Massachusetts in Nantucket Sound.

“We are tremendously pleased to be assisting Cape Wind with the realization of North America’s first commercial-scale offshore wind energy project. Cape Wind is the flag-ship U.S. project, has an outstanding project team, and we are thrilled to be part of the team on the ramp up to financial close and into construction,” says Sebastian Chivers, senior vice president at PMSS.

Cape Wind says it expects to complete project financing and begin construction by the end of the year.




Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015