Masdar-Backed Dudgeon Wind Farm In $1.61bn Refinancing Deal

The owners of the 402-megawatt (MW) Dudgeon wind farm in Britain’s North Sea, including Abu Dhabi-based Masdar, have announced the signing of a hybrid refinancing deal.

The owners, who also include Equinor and China Resources Group, said the deal includes approximately £561 million ($711 million) of commercial bank debt and £706 million ($895 million) of senior secured notes privately placed with institutional investors, finally maturing in 2032.

Both tranches have been oversubscribed, underpinning strong investor interest. Financial close is expected next week. The original financing for Dudgeon was successfully closed in May 2016, a statement said. Read more