Red Rock Renewables has reached financial close on a GBP62 million (US$83.4 million) financing with Lloyds, HSBC and China Construction Bank for its 67 MW Benbrack Onshore Wind Farm. The three lenders have provided equal project financing as the Dumfries & Galloway Project takes final steps in preparation for handover to the operational phase. Lloyds acted as Sole Debt Advisor through a separate ringfenced team.
The wind farm's construction started in October 2022 on a self-funded basis. It is comprised of 15 Vestas turbines with a maximum tip height of 149 m (489 ft). It will generate enough green energy to power the equivalent of 60,000 Scottish homes.
Red Rock sought to maximise opportunities for the local and UK green economy through its key contractors, throughout construction and the lifetime of the wind farm:
Red Rock previously secured Contracts for Difference awards in Allocation Rounds 5 and 6 for the wind farm’s total 67.1MW generation capacity and in March 2025, secured a route to market PPA with SSE Energy Markets.
SSE Energy Markets has entered a long-term power purchase agreement with CWP for 33% of output from the 308MW Sanquhar 2 wind farm located in Dumfries and Galloway and East Ayrshire, Scotland.
Read moreThe UK government has granted a development consent order (DCO) for the Outer Dowsing offshore wind farm located in the Southern North Sea, east of Grimsby, 54 km (33 miles) from the Lincolnshire Coast.
Read moreSSE has submitted an application to the Scottish Government for proposed changes to Bhlaraidh Wind Farm Extension in the UK.
Read moreEnviromena, the UK-based independent power producer, has secured construction financing from Close Brothers’ Energy team to support the delivery of the Steeraway Solar Farm in Shropshire, England.
Read moreCWHI has announced the completion of all monopile deliveries for the 1.1 GW Inch Cape Offshore Wind Farm, located off the Angus coast, Scotland, UK.
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