Red Rock Power gets NatWest financing for 50 MW wind project in Scotland
National Westminster Bank, known as NatWest, has extended GBP80 million (US$103.3 million) in debt to 50 MW wind farm near New Cumnock in Ayrshire, south-west Scotland.
Red Rock, which is owned by SDIC Power, acquired the scheme from InfraRed Capital on October 2018.
The Afton wind park consists of 25 Siemens Gamesa turbines of 2 MW each, and its output is being sold under a 15-year power purchase agreement with Centrica Group.
Country updates
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May 06, 2019
Five bidders shortlisted for the 2.5 GW offshore wind links in the UK
Five bidders have been shortlisted by the UK's Office of Gas and Electricity Markets (Ofgem) to own and operate the transmission links for three offshore wind farms, with 2.5 GW of capacity, worth GBP...
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May 06, 2019
Scottish Equity Partners divests wind farm portfolio to Pensions Infrastructure Platform
Scottish Equity Partners has sold its portfolio of onshore wind farms to Pensions Infrastructure Platform for an enterprise value of GBP 50 million (US$65 million). Comprising 64 turbines in location...
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May 03, 2019
MHI Vestas awards contract to Fred. Olsen Windcarrier for Moray East project development
MHI Vestas Offshore Wind has awarded a contract for the transport and installation of 100 V164-9.5MW wind turbines for the Moray East project off the East coast of Scotland to Fred. Olsen Windcar...
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April 29, 2019
Triton Knoll signs a new port lease for 857 MW offshore wind project
Grimsby’s Royal Dock has been confirmed as the home for Triton Knoll’s offshore construction and operations and maintenance facility after the project signed an eagerly awaited port lease...
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April 24, 2019
Banks urged to intervene in Derbyshire EfW project
The Councils of Derbyshire and Derby have urged the financial institutions to intervene in the Sinfin waste-to-energy plant that has been delayed for two years. The financial problems of t...
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