Cape Wind approval marks milestone for American offshore wind industry

first_imgUS Secretary Ken Salazar has announced approval of the first-ever Construction and Operation Plan  (COP) for a U.S. offshore wind energy project, granting Cape Wind Associates the official go-ahead to begin construction on the over-100-turbine project across 25 square miles of Nantucket Sound.  When complete, the project will produce enough electricity to supply hundreds of thousands of American homes.  The American Wind Energy Association (AWEA) congratulates Cape Wind and the Department of the Interior for the progress it has made in developing the American offshore wind industry. ‘Offshore wind power is the new frontier for our industry,” said Denise Bode, CEO of AWEA. ‘Thank you to Secretary Salazar for being a champion of offshore wind and for his commitment to making this industry a reality.  The Secretary understands the manufacturing and job opportunities that offshore wind brings to America and knows that it needs long-term policy support in order to do so.’  Joined by Dennis Duffy, vice president of Cape Wind Associates and Michael Bromwich, director of the Department of the Interior’s Bureau of Ocean Energy Management, Secretary Salazar signed the COP at the historic Charlestown Navy Yard in Boston.  AWEA is the national trade association of America’s wind industry, with more than 2,500 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America.  Look up information on wind energy at the AWEA Web site. Find insight on industry issues at AWEA’s blog Into the Wind. Join AWEA on Facebook. Follow AWEA on Twitter. Boston, MA (April 19, 2011) ‘last_img read more

Stolt-Nielsen Collects USD 175 Mn from Bond Issue

first_imgOslo-listed shipowner Stolt-Nielsen has managed to collect up to USD 175 million from its latest senior unsecured bonds placement.Net proceeds from the bond issue are set to be used for the refinancing of outstanding bonds and general corporate purposes.The company completed the placement of senior unsecured bonds in the Nordic bond market in a new 5-year bond issue carrying a fixed coupon of 6.375%. Stolt-Nielesen informed that the placement was oversubscribed.The shipowner added that the settlement date for the bonds will be September 21, 2017 and the maturity date will be September 21, 2022.Additionally, an application will be made for listing the bonds on the Oslo Stock Exchange as soon as possible.Danske Bank, DNB Markets, Nordea and Swedbank acted as joint lead managers for the bond issue.last_img read more