Article: united kingdom : AES Subsidiary Secures Financing for 22 MW North Rhins Wind Farm in Scotland.

Byline: prashant03

The AES Corporation today announced that its wholly-owned subsidiary, Wind Energy (North Rhins), Limited, secured [pounds sterling]35.1 million(usd 70mn) in long-term financing to construct and operate the 22 MW North Rhins wind farm in Scotland, UK. The [pounds sterling]35.1 million(usd 70mn) 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 consist of 11 Vestas turbines and will sell wholesale power, Levy ...

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