Foley Hoag LLP congratulates long-time client Vineyard Wind 1 LLC on closing its historic tax equity financing for the 800-megawatt Vineyard Wind 1 offshore wind project, currently under construction in the waters south of the Island of Martha’s Vineyard. Read Vineyard Wind’s announcement here.

“Congratulations to the Vineyard Wind 1 project team on closing the largest single project tax equity financing to date.  We are thrilled to see this project achieve such a historic milestone and are proud to have played a role in getting it done.” said Adam Kahn. Kahn led the Foley Hoag team that advised Vineyard Wind with regards to Massachusetts siting and permitting, and assisted in the tax equity financing transaction. 

The Vineyard Wind 1 project plays an important role in America’s clean energy future, provisioning over 400,000 homes and businesses with electricity, saving ratepayers $1.4 billion over the first 20 years, reducing 1.6 million tons of carbon emissions per year and creating jobs that will benefit the full community.

Foley Hoag is a national leader in the offshore wind sector. The firm’s Energy and Climate practice is helmed by industry pioneers with over 20 years of experience in advancing renewable energy projects including on- and offshore-wind, solar and emerging technologies. The multi-disciplinary team is widely regarded for its track record advancing business-friendly renewable energy policies and guiding climate-saving projects to completion.