Morgan Stanley forms JV with Crowley for U.S. wind energy at ports
Infrastructure - AUGUST 25, 2023

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Morgan Stanley forms JV with Crowley for U.S. wind energy at ports

by Andrea Zander

Morgan Stanley Investment Management (MSIM) through Morgan Stanley Infrastructure Partners (MSIP) and Crowley, a U.S. maritime, energy and logistics firm, have formed a joint venture to advance offshore wind-energy solutions for the United States.

The joint venture created Crowley Wind Services Holdings, using Crowley’s end-to-end maritime and logistics capabilities

Investment funds managed by MSIP, a private infrastructure fund platform within MSIM, will hold a majority stake in Crowley Wind Services Holdings, while Crowley will operate the business.

MSIP and Crowley’s partnership will focus on repurposing and operating existing U.S. port facilities and leasing them under long-term contracts to offshore wind developers. The terminals will support manufacturing, assembly and storage of wind-farm components as well as provide developers with maritime services such as Jones Act-compliant feedering vessels to transport components from ports to offshore wind ins

Forgot your username or password?