CIP sells tax benefits from Vineyard Wind 1 for more than USD 1bn
Copenhagen Infrastructure Partners, CIP, and Avangrid, the joint owners of Vineyard Wind 1, have entered into an agreement with three major banks to sell tax benefits from the offshore wind project for USD 1.2bn, CIP says in a statement.
The three major banks are JPMorgan Chase, Bank of America and Wells Fargo, which, based on the agreement, will receive the tax credits that Vineyard Wind 1 has earned from the authorities.
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
First turbine installed at CIP and Avangrid's US wind farm
For subscribers