Good Energy Wins Investec Loan for U.K. Onshore Wind Farm

Good Energy Group Plc, a British renewable-power supplier, won a 10.6 million-pound ($16 million) loan from Investec Plc to build a wind farm in northern England.

The non-recourse loan will finance the 8.2-megawatt project in Hampole near Doncaster, Wiltshire-based Good Energy said today in a statement. The loan is in place for 17 years with potential for a refinancing, Juliet Davenport, chief executive officer, said by phone. Good Energy will provide the balance of the 16 million-pound project cost.

The park with four turbines made by REpower Systems SE of Germany will generate enough power for 4,800 homes a year when it’s commissioned as expected early next year. Good Energy has a 200-megawatt pipeline of renewable energy projects in the early stage of development that the company plans to advance this year, Davenport said.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE