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The Boston Globe


Cape Wind secures $400m more in financing

Cape Wind said Wednesday several financial companies have committed to providing $400 million to help finance the offshore wind project slated to be built in Nantucket Sound. That means Cape Wind has raised $1.3 billion, roughly half of the project’s estimated $2.5 billion cost.

The latest chunk comes from Natixis, a French investment management company; Dutch bank Rabobank; and The Bank of Tokyo-Mitsubishi UJF Ltd. The three firms are the lead arrangers for Cape Wind, meaning they will provide financing for some of the debt and bring in other investors to finance the rest.

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