CWP Energy and KfW IPEX-Bank secure £400mn financing for Sanquhar II wind farm

CWP Energy and KfW IPEX-Bank have finalised a £400mn ($494mn) financing agreement for the Sanquhar II onshore wind farm, marking a strategic milestone in UK energy investments.

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Energy developer CWP Energy has announced the financial close of the Sanquhar II project, one of the largest onshore wind farms in the United Kingdom. The operation, carried out in partnership with German institution KfW IPEX-Bank, involves an investment of £400mn ($494mn). This funding will support the construction of 44 Vestas V162 EnVentus turbines at a site in southern Scotland.

A major project for UK onshore wind

Sanquhar II thus becomes the fourth-largest onshore wind farm in the country and the first in Scotland to deploy the V162 EnVentus turbine technology. Construction is already underway, with the project expected to generate enough electricity to supply around 335,000 households annually. It will also contribute to reducing more than 540,000 tonnes of carbon dioxide (CO₂) per year, aligning with the UK’s energy policy targets.

The project will involve around 200 people on-site during the construction phase. According to the company, nearly 50% of the positions will be filled by a local workforce. This strategic choice aims to strengthen regional supply chains and stimulate the local economy around the development zone.

Consolidated financial partnership between European players

KfW IPEX-Bank, a subsidiary of the German public bank KfW, acts as the sole lender for the project. The partnership continues a well-established collaboration between the two entities. This marks the eighth joint project between CWP Energy and the German bank, which has previously financed seven wind farms developed by the company, totalling a combined capacity of over 305 megawatts (MW).

The project also represents a long-term investment opportunity for local authorities. According to CWP Energy’s forecasts, Sanquhar II is expected to generate over £200mn ($247mn) in economic benefits for surrounding councils and communities over a forty-year period. This figure includes contributions to public service funding and local projects.

Industrial deployment and long-term prospects

The wind farm’s development is based on the integration of next-generation turbine technology supplied by Vestas Wind Systems. The selection of this technology is presented as a lever for optimising production costs and improving energy output over the project’s entire life cycle.

The collaboration between CWP Energy and KfW IPEX-Bank reflects the continued commitment of European stakeholders to expanding electricity production capacity from non-conventional sources. Through this operation, the UK onshore wind industry reinforces its position as one of the most dynamic in Europe.

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