Developers of the 800-MW Vineyard Offshore Wind Project said Sept. 15 that they closed on $2.3 billion in senior debt from nine banks, allowing for construction to begin on the first commercial-scale offshore wind farm approved in the United States. U.S. institutions Bank of America Corp. and JPMorgan Chase & Co. put up funds, as well as Banco Santander SA subsidiary Santander Bank NA and Banco Bilbao Vizcaya Argentaria SA, both of Spain. Scottish bank NatWest Group PLC got in on the deal; it is majority owned by the Economics and Finance Ministry of the United Kingdom, HM Treasury. Three French banks — Crédit Agricole Group subsidiary Crédit Agricole SA, Groupe BPCE subsidiary Natixis SA and BNP Paribas SA — are also lenders. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-hea... ------ JPMorgan Chase served as Joint Lead Arranger for more than $2 billion in financing for the 800 megawatt Vineyard Wind project, the first offshore wind farm in the United States capable of generating power at utility scale and the country’s largest source of offshore wind power. The project is expected to supply enough energy to serve the needs of 400,000 Massachusetts households and businesses and avoid 1.68 million metric tons of carbon emissions annually. https://www.jpmorganchase.com/ir/news/2022/jpmc-releases-2021-esg-report