DNV GL has advised lenders, including Santander, on their £ 210 million project finance investment for the construction of three new onshore wind farms by Banks Renewables, the first of which is expected to start generating electricity by early 2018.
The 151MW three wind project portfolio, Kype Muir and Middle Muir in Scotland, and Moor House in England, were among 15 projects that had successfully secured Contract for Difference (CfD) during the first round of the UK government auction initiative in 2015. Construction has begun on the three-project portfolio, with the six-turbine Moor House wind farm expected to become operational in early 2018. Middle Muir, comprising 15 turbines, is scheduled to be operational later in the same year and Kype Muir’s 26 turbines are due to start producing energy in early 2019.
