The facilities have been arranged with the Royal Bank of Scotland and National Australia Bank to fund the construction and operation of the A’Chruach Wind Farm which will have an installed capacity of 43MW.
The wind farm is located in Argyle and Bute, Scotland and is expected to be operational by 31 March 2016 and be accredited under the Renewable Obligation scheme.
The company also confirms that it has entered into binding agreements with Senvion SE who will supply the turbines and provide ongoing turbine maintenance, RJ McLeod for the balance of plant work and AXPO Trading AG, the PPA offtaker.
Eric Machiels, Chief Executive of Infinis, said: "We are delighted to announce today that we have closed the £52 million project financing facility and confirm that construction is moving ahead on A’Chruach. This is a key milestone as we continue to deliver on our growth aspirations that we committed to at the time of the IPO and will increase the scale of our operating wind portfolio."
