US offshore wind: Current financing conditions featuring Martin Pasqualini

More than 1,300 people attended the annual offshore wind conference hosted by the American Wind Energy Association in late October in Boston. A panel talked about the current market for financing offshore wind projects in the United States. The following is an edited transcript. At the time of the panel, the 800-megawatt Vineyard project had been in the market seeking financing.

The panelists are Nuno Andrade, managing director and head of structured finance for North America for Santander, Yale Henderson, managing director and head of the tax equity desk at JPMorgan Capital Corporation, Martin Pasqualini, managing director with the CCA Group, one of top arrangers of tax equity, and Henrik Tordrup, formerly with offshore wind developer ├śrsted and now a partner with Copenhagen Infrastructure Partners, a 50% owner of Vineyard. The moderator is Keith Martin with Norton Rose Fulbright in Washington.