Vineyard Wind 1: A slow flying flock to tax equity

In:

Renewables

Region:

Americas

Thomas Hopkins

Deputy Editor

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The $1.2 billion Vineyard Wind 1 tax equity deal is the first for a commercial-scale US offshore wind farm and the largest-ever single asset tax equity financing to date. So will Vineyard Wind 1’s use of ITCs and a yield-based partnership flip structure become the norm for US offshore wind?