OnPath Energy has achieved financial close on a 33.4MW Scottish onshore wind project, which has a subsidy free, long-term route to market with a US technology company off-taker.
The six turbine Mill Rig Wind Farm, which is set to sit between Strathaven and Darvel in South Lanarkshire, will feature some of the UK’s most advanced turbines to maximise energy generation and efficiency.
NatWest provided project financing for the asset, with the long-term agreement including a term loan and other ancillary facilities to support it throughout construction and operation.
OnPath has financed the project to date and civil engineering works are already at an advanced stage, with essential infrastructure work completed and all the turbine foundations constructed.
Oliver Hartley, finance director a