Financial Close reached for 308 MW Onshore Wind Farm in the UK

CWP Energy has reached financial close following the successful award of Contracts for Difference (CfD) for the 308 MW Sanquhar II wind farm project located in southern Scotland. 

KfW IPEX-Bank acted as Mandated Lead Arranger, Bookrunner, Underwriter, Modelling Bank and Hedge Coordinator for the GBP 400 million (US$540 million) project. During syndication, Commerzbank and Helaba have joined the transaction to form a strong bank club that will be able to support CWP Energy’s future growth endeavours. Pinsent Masons has been acting as Legal Advisor on the transaction. 

The project will comprise 44 state-of-the-art Vestas V162 EnVentus turbines, making it the fourth-largest onshore wind farm in the UK and the first in Scotland to deploy this next-generation turbine technology. Once operational, the wind farm is expected to generate enough clean electricity to power approximately 335,000 homes annually and offset over 540,000 tonnes of CO₂ emissions each year – a significant contribution to the UK’s net-zero and energy security goals. Construction is already underway, with around 200 people employed on-site. CWP Energy is prioritising local contractors and suppliers, with nearly 50% of the workforce drawn from the surrounding areas. 

This marks the eighth successful collaboration between KfW IPEX-Bank and CWP Energy, which has previously financed seven operational wind farms representing a combined capacity exceeding 500 MW, utilising turbines from both Vestas and Siemens.