CWP Energy has reached financial close on the 308MW Sanquhar 2 onshore wind farm in Scotland.
KfW IPEX-Bank acted as the mandated lead arranger, with Commerzbank and Helaba also joining the £400m transaction during syndication.
It follows the award of a Contract for Difference to the project in the UK government’s AR7a auction earlier this year.
CWP Energy managing director Rod Wood said: “We’re delighted to have reached financial close on the post-CfD debt on Sanquhar 2 under attractive financing conditions.
“Together with KfW IPEX-Bank and our strong bank partners, we look forward to continuing to deliver one of the UK’s most significant onshore wind farm projects.”
KfW IPEX-Bank board member Velibor Marjanovic added: “We are very pleased to support our valued long-standing client CWP Energy with our arranging expertise. With this financing, we strengthen the security and decarbonisation of energy supply in Europe.”
CWP Energy and KfW IPEX-Bank have previously worked together to finance seven operational wind farms.
Sanquhar 2 is currently in construction in Dumfries & Galloway and will feature 46 turbines including Vestas V162 units.