The international owners of the UK’s Dudgeon offshore wind farm have sealed a £1.4b ($1.77bn) refinancing for the 402MW North Sea project.
Norwegian energy group Equinor, Abu Dhabi clean energy investor Masdar, both 35% owners, and China Resources Group – which bought its 30% stake in Dudgeon a year ago – claimed “keen” investor interest and the wind farm’s strong credit rating helped underpin the hybrid package, which includes £561m in debt and £706m of senior secured notes.
