2024-05-25
http://w3.windfair.us/wind-energy/news/44678-barclays-moray-west-offshore-scotland-electricity-household-wind-farm-net-zero-target-development

Barclays loans funds of £95.5 million to Moray West offshore wind farm

Image: PixabayImage: Pixabay
Moray West has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023.

Official Press Release Barclays:

Barclays supports offshore wind farm which aims to supply 50 percent of Scotland’s electricity

Moray West offshore wind farm is expected to power up to 1.33 million households every year with low-carbon electricity / Barclays pre-hedge and inflation expertise helps Scotland ambition to reach Net Zero targets / Barclays loans funds of £95.5 million to Moray West offshore wind farm, operated by Ocean Winds

Moray West, a major offshore wind farm development 22km off the coast of the Moray Firth, is expected to supply 50 percent of Scotland’s electricity, which will generate enough power for up to 1.33 million homes, saving around 1.1 million tonnes of co2 emissions by the time the project completes in 2025. Moray West, part of the Ocean Winds portfolio, has secured a £95.5 million loan from Barclays to support the next phase of the project’s... ... More: Official Press Release Barclays

Keywords:
Barclays, Moray West, offshore, Scotland, electricity, household, wind farm, Net Zero, target, development







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