Financing Offshore Wind Development

Law360, New York (September 8, 2010, 1:56 PM EDT) -- Interest in offshore wind development continues to rise in the United States.

Interior Secretary Ken Salazar’s decision to approve a lease for the Cape Wind project in April 2010, after a lengthy review process and despite significant local opposition, came as welcome news for industry supporters.

A number of other projects are at various stages of development on the East Coast, in the Great Lakes and offshore Texas, hoping to capitalize on the significant success of onshore wind energy and take advantage of the stronger and...
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