Deepwater Wind is firm backed by Newton, Mass.-based wind-energy developer First Wind; investment firm D.E. Shaw & Co.; and hedge fund Ospraie Management LLC. (First Wind was previously known as UPC Wind, but changed its name in May.) Deepwater also has acquired the offshore wind projects of another firm, Winergy Power LLC.

Officially based in Ann Arbor, Mich., the hometown of CEO (and former DTE Energy vice president) Chris Brown, Deepwater also has offices in New Jersey, New York and Houston. Its staff includes former employees of Winergy and First Wind, who have experience building onshore wind farms in other parts of the country.

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