Cape Wind Project Status & Timeline

Project Status

Cape Wind is currently in its financing and final commercial contracting stage.

Cape Wind Project Timeline

Click here for an interactive timeline of the Cape Wind project 

Major Project Milestones To Date

  • Completed Federal and State Permitting; Cape Wind is fully permitted
  • Cape Wind issued first U.S. Commercial Offshore Wind Lease
  • Approved Construction and Operations Plan by the U.S. Department of the Interior
  • Turbine Supply Agreement with Siemens
  • Cape Wind has won 17 legal decisions in challenges brought by opponents
  • Two 15-year Power Purchase Agreements for 77½% of project output to National Grid and NSTAR, both approved by the Massachusetts Department of Public Utilities
  • Barclays Bank is Cape Wind’s Financial Advisor
  • Bank of Tokyo-Mitsubishi UFJ, Natixis and Rabobank are the Lead Arrangers of Commercial Debt and will provide over $400 million in commercial debt
  • PensionDanmark will provide $200 million in Mezzanine Debt
  • EKF (Export Bank of Denmark) has made a $600 million funding commitment