You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

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.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week