“I’m pretty confident we’ll get it,” Moore says. The cost includes $210m to $215m for the wind farm to be powered by five of Siemens’ new 6MW direct-drive turbines, with the balance for a 21-mile (37.7km) 34.5kV submarine cable that will link the wind farm with Block Island and the mainland.

Several potential lenders at the American Wind Energy Association’s Offshore Windpower 2012 Conference here say they believe the project will soon become “bankable".