Offshore wind projects require a substantial commitment from investors with the experience and know-how to see complicated projects through to successful completion.
The majority investor in OffshoreMW is a fund of The Blackstone Group. Founded in 1985, The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services. Listed on the New York Stock Exchange, Blackstone Group’s total fee-earnings assets under management was $92.2 billion as of March 31, 2009. The Blackstone Group is also the lead investor in our sister company’s German North Sea project.
OffshoreMW’s senior management and finance advisors have considerable experience organizing project financing of major energy projects in the US and around the world, including offshore wind projects in Europe.
With this combination of experience and demonstrated commitment to offshore wind, OffshoreMW has the capability to finance offshore wind for the United States.