Cobra Instalaciones y Servicios has secured a GBP 380 million green loan financing for the construction of the Kincardine floating wind farm offshore Scotland. The project comprises the construction of a 50MW wind farm 15 kilometres south-east of Aberdeen, Scotland, UK.
Kincardine will consist of six turbines, one 2MW which was already commissioned in October 2018, and five 9.6MW units, all supplied by MHI Vestas, installed on semi-submersible floating structures designed by Principle Power. Located in water depths ranging between 60-80 metres, the project is expected to be fully operational by the fourth quarter of 2020. French corporate and investment bank Natixis acted as sole green loan coordinator for the financing.