Offshore wind farm on track for first energy this year

Digital industrial company GE unit, global energy financial solutions provider GE Energy Financial Services, and global bank Citi, announced earlier this month, the closing of tax equity financing on offshore wind and transmission developer Deepwater Wind’s Block Island wind farm, the first offshore wind farm in the US. Deepwater Wind chairman and global investment and technology development firm D.E. Shaw & Co MD Bryan Martin comments that an innovative project takes thoughtful and hard-working partners to navigate all of the first-mover considerations.