Offshore Wind Lease Off New Jersey Sells for 21,000% Gain in Just Three Years

Capt. John

By Christopher Martin (Bloomberg) — An Italian construction company just sold its lease to develop a wind farm in waters off the New Jersey coast for $215 million, about 21,000 percent more than it paid only three years ago. Toto Holding SpA’s U.S. Wind unit, which paid about $1 million for the...

http://feedproxy.google.com/~r/Gcaptain/~3/_bB-kzr1jpA/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon