The Cape Wind offshore wind project in Massachusetts' Nantucket Sound has chosen Bank of Tokyo-Mitsubishi UFJ as the lead commercial bank for the project's debt financing. Ted Roosevelt IV, managing director of Barclays, which acts as financial adviser to the project, said the deal with the Japanese bank was a "significant step toward achieving financial close." Cape Wind expects to finalize the financing for the 468-megawatt offshore wind project and begin construction by the end of the year.

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AOL Energy, Reuters

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