London-based Belltown Power (www.belltownpower.com) says that it has concluded the re-financing of the new Tirgwynt onshore wind farm, with ‘senior’ debt provided by Barclays.

Tirgwynt is a 12-turbine wind farm in Powys, which will produce enough renewable energy to power 21,500 homes.

Turbines were supplied by Senvion, and other plant work was carried out by Jones Brothers. The £47 million long-term senior debt facility provided by Barclays is complemented by a long-term power purchase agreement (PPA) with French group Engie.

Dan Allen, investment director for Belltown, said: “The wind farm will provide community benefit funding for the
25-year life of the wind farm. This transaction builds on our previous success in the onshore wind space, and will allow Belltown to continue to grow its portfolio of renewable-energy assets.”

Neil Fleming, a director at Barclays, said: “We agreed a structure that works for both parties to help deliver the successful re-financing of the Tirgwynt wind farm.”