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Green Giraffe was mandated in 2011 by Deepwater Wind, the US developer, to assist them in procuring non-recourse financing for the 30 MW Block Island offshore wind project off the coast of Rhode Island, in the United States
Block Island is a 30 MW offshore wind farm located 4.5 kilometres off the coast of Block Island in the state of Rhode Island (USA). The project reached financial close in February 2015. The total estimated project cost for Block Island amounts to ca. USD 360 M. Alstom has supplied 5 Haliade wind turbines each with a capacity of 6 MW
The Project is owned by Deepwater, an entity of the DE Shaw Group. Green Giraffe advised the sponsor on the commercial arrangements of the project. The commercial lenders were Société Générale and KeyBank, which together provided more than USD 290 M in non-recourse debt
The Block Island offshore wind farm is the first offshore wind farm in the United States
Click here for the project website