OnPath Energy has achieved financial close on the 33MW Mill Rig wind farm in South Lanarkshire, Scotland.
The six-turbine project, located between Strathaven and Darvel, has secured a long-term, subsidy-free route to market with a US technology company offtaker.
NatWest provided financing through a term loan and ancillary facilities to support construction and operation.
Civil works are already advanced, with turbine foundations completed. Nordex is supplying the machines, while RJ McLeod and Wilson Forest Products are also involved.
OnPath finance director Oliver Hartley said financial close followed “many months of hard work” and reflected “a collaborative approach across our key suppliers, advisors and lenders”.
He added: “Being part of the Brookfield ecosystem supports us through access to capital and PPA markets, which in the case of Mill Rig includes securing a long-term offtake agreement with a US technology company as well as finance from NatWest.”
NatWest project finance’s Kristofer Gibson said the bank was “delighted to provide OnPath Energy with this bilateral financing” and reaffirmed its support for UK onshore wind.
OnPath said the development will directly support around 300 construction jobs, with £91m invested locally within 60km of the site. The wind farm will also deliver a £5m community fund over its lifetime and contribute around £18m in business rates to South Lanarkshire Council.
Mill Rig adds to OnPath’s operational portfolio of 252MW, with 550MW consented across wind, solar and storage projects and a 3GW pipeline. The company was acquired in 2023 by Brookfield Asset Management, which has 46GW of operating renewables worldwide.