- Published: 23 March 2017 23 March 2017
Banks Renewables has secured a transformational GBP 210 million investment package to support the construction of its next three onshore wind farms. Key to securing this investment package is the long-term power purchase agreement (PPA) offered by DONG Energy.
The three wind farms were all successful in the UK government's first competitive Contracts for Difference (CfD) programme for onshore and offshore projects in 2015. Senvion has been contracted to supply and install the turbines for all three projects, with Kype Muir, Middle Muir and Moor House each comprising 26, 15 and six turbines respectively. Preparatory work has already begun on the site at the Moor House wind farm and is expected to begin generating energy early in 2018. Middle Muir is scheduled to go live later that year, while Kype Muir is due to come online at the start of 2019.