Marguerite bags financing for Swedish wind park

Wind turbines in Sweden. Author: Arctic Mirror.

March 8 (Renewables Now) - European infrastructure fund Marguerite II SCSp has secured financing for the 42-MW Brannliden wind farm currently under construction in Sweden.

A long-term KfW-backed debt financing agreement has been reached for the project with German bank Norddeutsche Landesbank, also known as NORD/LB, law firm Watson Farley & Williams (WFW), which advised Marguerite on the deal, announced Thursday.

In the autumn of 2018, Marguerite agreed to buy the wind scheme from developer OX2. The latter remained in charge of the engineering, procurement and construction (EPC). Completion of the 10-turbine farm is to be reached by late 2019 or early 2020, according to the previously available information.

Last month WFW also announced that Investec Bank plc and Leapfrog Bridge Finance would finance a 34.7-MW subsidy-free solar project with some storage capacity in England. The facility will be built by a unit of Gridserve ENEA Projects Ltd and sold to Warrington Borough Council upon completion.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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