Italy’s Falck Renewables has refinanced its operational 25MW Scottish wind farm Assel Valley for £42.3m.
The non-recourse loan agreement with Mitsubishi UFJ Financial Group and Banco de Sabadell has a final due date falling in December 2034 and a tenor of 18 years.
The Assel Valley wind farm in South Ayrshire operational since October consists of 10 N90/2500 Nordex turbines.
Falck chief financial officer Paolo Rundeddu said the loan was closed at “very favourable conditions indeed”, reflecting the high level of performances expected from the wind farm.
Image: Assel Valley wind farm in Scotland (Falck Renewables)
