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Submarine cable laying is well underway for the Vineyard Wind 1 windfarm located off the coast of Martha’s Vineyard. When operational (currently scheduled for later this year), Vineyard Wind 1 is expected to be America’s first commercial-scale offshore wind farm. Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables are the joint owners of Vineyard Wind, LLC, the builder of Vineyard Wind 1.
Background The winds of change are coming for the nascent U.S. offshore wind industry, with several large projects scheduled to come online before 2030.
The United States Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) recently conducted its Cybersecurity 2 Initiative (Initiative). The Initiative consisted of an examination by OCIE of 75 businesses, including investment companies, investment advisers, and broker-dealers (collectively, the Firms). OCIE reported its observations from the Initiative in a recent Risk Alert.
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