Gresham House secures GBP62mn refinancing for 51.7 MW Harburnhead wind project

Gresham House Wind Energy LP has completed the GBP62 million (US$85.68 million) refinancing of its operational 51.7 MW Harburnhead onshore wind farm in Scotland.

The refinance has significantly extended the maturity of the debt to 2038, approximately three years beyond the PPA expiry date, and post the end of the ROC subsidy period at a competitive margin.

Harburnhead is a JV between Gresham House and its original developers, with the Gresham House New Energy team acting as asset manager.

TradeRisks, part of Gresham House plc, has advised Gresham House Wind Energy LP on the transaction.