
MARAD Prioritizes Offshore Wind Vessels for Title XI Financing
Following on a new initiative announced by the White House and 11 states’ governors to accelerate the development of the offshore wind power sector, MARAD is prioritizing the Title XI financing program for vessels in the offshore wind power sector. The Department of Transportation designated offshore wind vessels as “Vessels of National Interest” to accelerate their review and financing under the existing financial support program. MARAD said in announcing the designation that will facilitate more offshore wind construction and will...
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