Thursday, 2 July 2015
Last updated 13 hours ago
Sep 26 2008 | 1:03pm ET
A pair of hedge funds is part of a group selected to build a huge wind farm off Rhode Island that will provide 15% of that state’s power.
Deepwater Wind, which is owned by Ospraie Management, D.E. Shaw Group and First Wind, were chosen from seven groups that offered proposals to the Ocean State. Deepwater will build the $1 billion facility without state funding, Gov. Donald Carcieri (R-R.I.) said.
The project still requires formal agreement and approval by state and federal regulators.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…