Specialist investor and manager of infrastructure assets, John Laing, has achieved financial close on a new onshore wind farm near Kettering, Northamptonshire. The company is a 100 percent investor in the Burton Wold onshore wind facility following acquisition of the project, in partnership with developer First Renewable Ltd, from the landlord shareholders in June.
Enhanced planning permission for the site was granted in August 2012 and the project has been developed by First Renewable since that time. Once complete, the wind farm will have an installed capacity of 14.4MW and will consist of 9 GE 1.6X100 wind turbines. The electricity generated by the wind farm will be enough to power over 11,000 homes.
“We are delighted to have achieved financial close on Burton Wold wind farm and look forward to working with our partners to help deliver clean, renewable electricity to communities across the UK” said Ross McArthur, Managing Director of Renewable Energy for John Laing.
Work has already begun on the supporting site infrastructure, courtesy of Winvic, and the turbines are planned for installation in mid-2014 closely followed by delivery of turbine operations and maintenance by GE. The facility is expected to be fully operational by late August 2014. A community trust will be established by BL Wind Ltd, the company responsible for the construction of the wind farm, in cooperation with Cranford St John and Burton Latimer parish councils. The wind farm project will contribute to the trust in order to provide economic, social and environmental benefits to the local community.
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