RBS Provides Funding to Banks Renewables Wind Farm in LancashireLouise Downing
Banks Renewables Ltd., part of the Banks Group that develops land for property, mining and energy, received 11.7 million pounds ($20 million) from the Royal Bank of Scotland Group Plc to build a land-based wind farm.
The wind farm in Lancashire, in England’s northwest, will comprise three turbines for a total of 7.5 megawatts, the Durham-based company said today in an e-mailed statement. It’s expected to be connected to the grid early next year.
“Banks Renewables’ long-term ambition is to develop, construct and operate a sizable portfolio of onshore wind farms across the north of England and Scotland,” Phil Dyke, development director at Banks Renewables, said in the statement.