Deals
Cape Wind’s Nstar Deal May Spur Financing of U.S. Offshore Farm
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Nstar’s agreement to purchase power from Cape Wind Associates LLC may lead to financing of the first U.S. offshore wind project.
Nstar agreed to purchase 129 megawatts of capacity from the planned 468-megawatt project as part the Boston-based utility holding company’s $4.8 billion acquisition by Northeast Utilities, in a deal approved yesterday by Massachusetts regulators.