UK onshore wind 'has best debt-finance year since 2008'

Askam wind farm.

The last year confounded trends and was the most successful for obtaining long-term debt finance in the UK onshore wind sector since 2007-2008, according to advisory firm Mazars.

Its research shows that more deals with a value in excess of £15m ($24m) were closed between January and the end of October 2012 than in any year since the onset of the credit crunch. The total value of such deals was in excess of £500m.

Mazars says the figures are even more striking when taking into account the wider context of a sharp contraction in overall lending for project infrastructure.

The analysis also demonstrates this success has occurred despite a tightening in credit conditions for UK onshore wind projects, it adds.

According to…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge App


Dowload the Recharge Mobile App
Get the free Recharge subscriber app on your device running iOS or Android.
Read Recharge anytime and anywhere.
Recharge IOS App