Danish Firm To Invest In Cape Wind
The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what its president says is a milestone for the proposed 130-turbine project.
The $2.6 billion Cape Wind project aims to be the nation’s first offshore wind farm. But Cape Wind, proposed in 2001, has been delayed by lengthy review and entrenched opponents and has been looking for financing.
In a statement, PensionDanmark said it has already invested in two offshore wind farm projects in Denmark, and was “delighted” to participate in Cape Wind.
Cape Wind president Jim Gordon welcomed PensionDanmark’s decision and called it a “milestone” for Cape Wind. (Associated Press)