Independent Power and Renewable Electricity Producers
Company Overview of Deepwater Wind, LLC
Deepwater Wind, LLC develops and operates offshore wind power projects in the United States. The company was founded in 2005 and is based in Providence, Rhode Island.
56 Exchange Terrace
Providence, RI 02903
Founded in 2005
Key Executives for Deepwater Wind, LLC
Chief Financial Officer and Member of Board of Managers
Vice President of Development
Compensation as of Fiscal Year 2014.
Deepwater Wind, LLC Key Developments
Deepwater Wind Secures Funding for 30-Mw Offshore Wind Farm from Societe Generale and KeyBank National Association
Mar 3 15
Deepwater Wind announced that its 30-MW Block Island offshore wind farm is fully funded with more than $290 million in project financing from Societe Generale and KeyBank National Association. The project, the first offshore wind farm to reach such a financial milestone, now has secured all necessary debt and equity financing for construction and operation. On-site construction is expected to start this summer. The project, offshore Rhode Island, will sell electricity to National Grid plc subsidiary Narragansett Electric Co. under a 20-year contract starting in September 2016, according to SNL Energy data. The fledgling U.S. offshore wind industry was dealt a setback in January when National Grid and Eversource Energy, formerly known as Northeast Utilities, terminated their contracts with Cape Wind, a 468-MW offshore wind farm proposed for Nantucket Sound. The developer, Energy Management Inc. subsidiary Cape Wind Associates, has promised to continue pursuing plans to build the project.
Deepwater Wind, LLC Presents at Offshore Wind Power 2014, Feb-25-2014 through Feb-26-2014
Feb 23 14
Deepwater Wind, LLC Presents at Offshore Wind Power 2014, Feb-25-2014 through Feb-26-2014. Venue: Hynes Convention Center, Boston, Massachusetts, United States. Presentation Date & Speakers: Feb-25-2014, David Hang, Chief Financial Officer and Member of Board of Managers. Feb-26-2014, Jeffrey Grybowski, Chief Executive Officer.
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