- Published: 08 October 2014 08 October 2014
SgurrEnergy has supported the project financing of Westermost Rough offshore wind farm to financial close.
The project involved providing lenders’ technical advisory services to the commercial banks involved in the non-recourse financing of WMR JV Investco Limited’s, a UK company jointly owned by Marubeni Corporation and wholly state-owned UK Green Investment Bank plc, stake in the wind farm. The remainder of the wind farm is owned by DONG Energy. The participating banks include The Bank of Tokyo-Mitsubishi UFJ Ltd., Japan Bank for International Cooperation, Mizuho Bank Ltd., Siemens Financial Services and the technical bank Societe Generale Corporate & Investment Banking. The construction of the 210MW wind farm is underway, with foundations already in place for all of the 35 Siemens 6MW wind turbines that will make up the wind farm. The Westermost Rough offshore wind farm is due to become operational in 2015.