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Homecoming Capital injects $50m into CET for offshore wind buildout in the U.S.
Investors - MAY 29, 2024

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Homecoming Capital injects $50m into CET for offshore wind buildout in the U.S.

by Released

Homecoming Capital, an investor in zero-emission infrastructure, has made an initial $50 million commitment to Clean Energy Terminals (CET), a pioneer of U.S. offshore wind port infrastructure development.

CET will leverage Homecoming’s investment to execute early-stage development work on a portfolio of new and redeveloped offshore wind ports along the U.S. East and West Coasts. Upon completion, CET’s projects will address the critical port infrastructure gap that is constraining the U.S. offshore wind industry.

“With the U.S. targeting 110 gigawatts of offshore wind capacity by 2050, including 15 gigawatts of floating wind by 2035, demand for both port infrastructure and the capital required to build it has never been greater,” said Brian Sabina, CEO of CET. “We are proud to partner with Homecoming Capital, a mission-aligned investor who recognizes the importance of port development to both the offshore wind industry specifically and to energy independence

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