06 Mar '17, 8am

Report from @RenewablesNews on our major onshore wind energy announcement last week

Banks Renewables worked with lenders Macquarie Infrastructure Debt Investment Solutions (MIDIS), Santander, ING, National Australia Bank and Rabobank to secure funding for its planned Moor House wind farm near Darlington in County Durham and the Middle Muir and Kype Muir schemes in South Lanarkshire in Scotland. The three wind farms were all successful in the UK government’s first competitive Contracts for Difference (CfD) programme for onshore and offshore projects in 2015, since when Banks Renewables has been working towards putting the commercial structures in place to take them forward. Global wind turbine manufacturer Senvion has been contracted to supply and install the turbines for all three projects, with Kype Muir, Middle Muir and Moor House each comprising 26, 15 and six turbines respectively. A long-term power purchase agreement (PPA) has been also been signed b...

Full article: http://www.renewableenergymagazine.com/wind/banks-renewab...

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