The company behind Deepwater Wind
A recurring question that has dogged the proposed Block Island wind farm is: where did Deepwater Wind come from?
Deepwater’s origins stretch back to 2005, when Bryan Martin and David Hang, then with the financial giant JP Morgan, purchased a small wind company called Winergy, which at the time was developing a small offshore wind installation off of Plum Island.
When Martin and Hang made the move to the investment firm the D. E. Shaw group in 2005 and 2007, respectively, they led the purchase of Winergy.
Martin is now a managing director at the D. E. Shaw group, and Hang is a senior vice president; as of April, the firm had $22 billion in investment and committed capital.
In April 2008, Winergy became Deepwater Wind. Read more…
