UK - Platina refinances wind farm portfolio
Platina Finance Ltd has closed the тЌ24.6m refinancing of Burton Wold and the тЌ9.4m refinancing of Winscales Moor, two windfarms. Nord/LB will provide the new debt.
Northamptonshire-located Burton Wold is a 20 megawatt, ten turbine wind farm built in 2006 and was originally financed by HBOS in 2005 with €19.8m. Nord/LB intends to approach a limited number of banks for an open portfolio financing. Winscales Moor is a 6 megawatt, seven turbine wind farm under construction in Cumbria. A third wind farm project, Garves in Northern Ireland, was also financed with €28.6m of senior debt from Nord/LB.
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