FLOATING OFFSHORE WIND FINANCE
GTM - AUGUST 03, 2020 - A major source of finance for offshore wind projects may soon open up to the industry's most important technological frontier: floating turbines.
Non-recourse finance, which allows lenders to be repaid from the profits of a project and have no claim over the assets of the borrower, will likely be available to upcoming floating wind projects as the market reaches an initial stage of maturity, experts say. That would help to lower the cost of projects. Non-recourse lending accounts for the majority of funding flowing to conventional European offshore wind…
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