Global banks are showing strong appetite for financing the first wave of US commercial-scale offshore wind projects, despite the challenges and risks in the fast-evolving market.
“The bigger picture as a banker, a lender, thinking about mobilising climate capital, [is that] these are really attractive opportunities. Every single major bank has significant green lending commitments,” said James Wright, managing director of renewables, clean energy and sustainability at CIBC Capital Markets, at a recent conference.
