April 15 (Renewables Now) – Edinburgh-based Purple Rock Energy Ltd and its Finnish three way partnership associate CapMan Infra have accomplished a EUR-180-million (USD 196.2m) refinancing deal for his or her 241-MW Overturingen wind farm in Sweden.
The financing was obtained from a lending consortium comprising DekaBank, NatWest, NordLB and Financial institution of China, Purple Rock mentioned on Thursday.
Positioned within the southern components of central Sweden’s Norrland space the Overturingen park has been producing electrical energy since December 2020. It’s outfitted with 56 generators with an annual output of greater than 800 GWh. The plant operates beneath a 29-year energy buy settlement (PPA) for many of its output with Norwegian aluminum firm Norsk Hydro. The remaining electrical energy is offered by NEAS Power, a unit of British vitality companies group Centrica Plc (LON:CNA).
Purple Rock acquired a 50% stake within the Overturingen park quickly after it went dwell from Macquarie’s Inexperienced Funding Group Ltd (GIG).
“Optimising the mission’s capital construction permits us to focus our monetary assets on persevering with to increase our portfolio of tasks and partnerships throughout Europe,” mentioned Purple Rock’s CEO Shi Weifei.
Macquarie Capital suggested Purple Rock Energy and CapMan Infra on the refinancing deal.
(EUR 1.zero = USD 1.090)
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