Racing Baron’s Wind Farm Clinches Biggest Renewable Financing
Lord Laidlaw
Source: Rex USAThis article is for subscribers only.
A 1.9 billion-euro ($2.1 billion) wind-farm project part-owned by a Scottish baron with a passion for vintage race cars secured this year’s biggest clean-energy financing from eight lenders including Deutsche Bank AG.
The banks provided 1.275 billion euros in loans to the 400-megawatt Veja Mate project in the German North Sea that’s using Siemens AG turbines, the project companies said in a statement. The debt represents 67 percent of total investment and has a maturity of 12 years after construction.