Typhoon, which was brought onto the projects by Bard in 2009 to help secure subsidies and drum up financing, is looking to break away from the financial structure – 70% senior debt and 30% equity – that has typically governed most offshore wind farms funded on a non-recourse basis.
Typhoon aims to reduce the amount of loans needed from banks by luring previously untapped sources of funding into the sector, and hopes to lower the financing costs in the process.
In
