US offshore developers have the option to include a wind turbine installation vessel (WTIV) in project financing done through the Department of Energy (DOE), helping the emerging industry to address its biggest need, said Jigar Shah, head of the DOE’s Loan Programme Office (LPO).
Despite more than $40bn in available loan authority to help deploy large-scale energy infrastructure projects in the US, LPO lacks authority from Congress to finance standalone WTIVs.
