Burton Wold Wind Farm South reaches financial close
8.25MW project on course to meet RO deadline
Burton Wold Wind Farm South Ltd, a consortium consisting of WWS, Muirhall Energy and Infinergy has secured £12m of investment for the 3-turbine wind farm project located near Burton Latimer in Northamptonshire.
The project was initially developed by Infinergy, who obtained unanimous planning permission from Kettering Borough Council in March 2015. Since then, renewable energy investors WWS and Muirhall Energy have come on board in the project.
Guy Rubinstein, Managing Partner of WWS said: “We are delighted to have achieved this important milestone and we look forward to working with our partners to get this exciting project up and running.”
The wind turbine technology, hubs, blades and a full service package will be provided by GE. Each wind turbine will have a generating capacity of 2.75MW. The overall height of the turbines will be 135.5m, with a rotor span of 120m and a hub height of 75.5m. A Community Benefit Fund of up to £41,250 per annum (index linked) will fund local projects and initiatives in Burton Latimer, the hosting town. The wind farm has an expected life span of up to 25 years.
The balance of plant contractor will be AE Yates from Bolton. Debt financing is provided by Close Leasing (part of Close Brothers), who acted as sole mandated lead arranger. Green Cat Renewables have been appointed as Owner’s Engineer whilst Greensolver will provide the overall construction and asset management services for the project. All generated power will be sold to Engie under a Power Purchase Agreement.
Work to install the wind turbines and supporting site infrastructure is due to start early September. The project is scheduled to be fully operational by March 2017, before the Renewables Obligation comes to an end.
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