Jim Gordon News

Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have the rest locked up by the end of the third quarter. Danish state-owned export credit agency EKF approved the loan pending due diligence, Cape Wind President Jim Gordon said at a power industry conference in Boston. EKF is the project's biggest financial commitment to date. "EKF is a very knowledgeable and experienced investor in the offshore wind industry and they recognize that Cape Wind makes sense both economically and environmentally," Gordon said. The project would have the capacity to produce 468 megawatts of electricity, enough to power nearly a half-million homes.

Cape Wind announce it will base its operations headquarters on Falmouth Harbor on Cape Cod. Cape Wind President Jim Gordon said, “Cape and Islanders once lit the lamps of the world by harvesting whale oil. Earlier this week Cape Wind signed a Purchase and Sale agreement for East Marine located on Falmouth Heights Road on Falmouth Harbor. Cape Wind President Jim Gordon identified the factors that drew the company to Falmouth, “We found a good waterfront facility in a protected…

Fugro bring European offshore survey experience to lead the way on America’s first offshore wind farm. Fugro has commenced a major geotechnical and geophysical survey operation for America’s first offshore wind farm Cape Wind. The wind farm will be situated on Horseshoe Shoal in Nantucket Sound and once operational is predicted to provide three quarters of the Cape and Islands electricity needs. The offshore program will involve up to 50 scientists, engineers, archeologists and geologists using specialized vessels. Fugro, as the lead Cape Wind contractor for the project, brings to the table an impressive offshore wind site investigation track record, having performed similar work for a majority of the offshore wind farms built in European waters.

Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound. Boston-based Cashman Equipment Corp. has constructed many marine projects in Massachusetts and New England and is one of the leading providers of floating marine equipment in the country and provides floating marine equipment worldwide. Colorado-based Flatiron Construction Corp. is one of the leading construction and civil engineering firms in the U.S. “We are excited to build Cape Wind, this project is moving forward and there is no better way for us to enter the US offshore wind market than to help build the first commercial project…