Natixis Securities Americas LLC in conjunction with US Wind Inc., a leader in renewable energy development and infrastructure projects and subsidiary of Toto Holdings SpA., a privately owned construction and engineering company based in Italy, announced that US Wind has appointed Natixis as the sole and exclusive financial advisor for its 268.8 MW Maryland offshore wind project. The project involves a total investment of US$1.6 billion and is part of the comprehensive Climate Action Plan to develop domestic clean energy resources and cut carbon pollution.
The project is located 17 miles offshore of Ocean City, Maryland and is expected to be operational in 2021. Developed under the May 11, 2018 order number 88192 issued by the Public Service Commission of Maryland, the project will help to meet Maryland's ambitious offshore wind renewable energy goals and will eventually produce enough energy to power 76,000 homes in the state.
With over 40 years' experience in complex infrastructure projects, Toto Holding specializes in construction, motorway concessions, renewable energy, aeronautic leasing, rail transportation, and engineering design activities in Italy and internationally. The company engages in constructing complex infrastructures, roads and railways, tunnels bridges, and viaducts for public and private clients.