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Article: AES Secures Funding for Scotland Wind Farm.

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Energy Resource
Article date:
December 23, 2008
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ENERGY RESOURCE-23 December 2008-AES Secures Funding for Scotland Wind Farm(C)2008 JeraOne - http://www.jeraone.com

The AES Corporation today announced that its wholly-owned subsidiary, Wind Energy (North Rhins), Limited, has secured 35.1 million (pound sterling) in long-term financing to construct and operate the 22 MW North Rhins wind farm in Scotland, UK.

The financing facility is a non-recourse senior project construction and term loan from Barclays Commercial Bank. The loan is repayable over 15 years from the start of commercial operation, which is scheduled for October 2009.

The wind farm, located near the village of Portpatrick, will ...

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