AMERICAS FIRST OFFSHORE WIND FARM BACKED BY CITI AND BUILT DEEPWATER WIND

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Published on March 11, 2018 by

THE LARGEST OFFSHORE WIND FARM BACKED BY Citi Bank AND BUILT DEEPWATER WIND ON BLock Island IS THE FIRST OF MANY IN THE UNITED STATES. CITI STOOD behind the business model and assured the challenging project would be financed and now millions of GALLONS of diesel will not be used to power the BLock Island.

The Wind Farm is now powering local businesses with the first ocean powered turbines. The project is an excellent footprint and model for the future of Offshore Wind Farms in America. IT HAS CUT ELECTRICITY COST BY 40% FOR THE RESIDENT OF BLOCK ISLAND AND REDUCED CARBON EMISSIONS BY 40 THOUSAND TONS A YEAR. THE GIGANTIC WINDMILLS ARE ALSO GREAT FOR REEF DEVELOPMENT AND A APPARENTLY A GREAT PLACE TO CATCH FISH.

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