CWP Energy is proud to announce it has reached financial close on the Sanquhar II
Wind Farm, with KfW IPEX-Bank, marking a major international investment milestone
for the UK’s largest onshore renewable energy project this year.
With financing now secured for the £400 million development located in Southern
Scotland, Sanquhar II will feature 44 state-of-the-art Vestas V162 EnVentus turbines.
This makes it the fourth-largest onshore wind farm in the UK and the first in Scotland to
deploy this next-generation turbine technology.
Once operational, Sanquhar II will generate enough clean electricity to power
approximately 335,000 homes annually, while offsetting over 540,000 tonnes of CO₂
emissions each year, making a significant contribution to the UK’s net-zero and energy
security goals.
Construction is already underway, and the project will employ around 200 people on
site and benefit local supply chains and businesses. CWP Energy are prioritising local
contractors and suppliers, with nearly 50% of the workforce drawn from the
surrounding areas.
Rod Wood MBE, Managing Director of CWP Energy, commented:
“We’re delighted to strengthen our long-standing partnership with KfW IPEX-Bank to
deliver one of the UK’s most significant renewable energy projects. This £400 million
Sanquhar II development offers both low-cost green energy to consumers and plays a
vital role in significantly contributing to energy security.”
KfW IPEX-Bank acted as the sole debt provider for the project, continuing its
longstanding partnership with CWP Energy. This marks the eighth successful
collaboration between the two organisations. KfW IPEX-Bank has previously financed
seven operational wind farms developed by CWP Energy, representing a combined
capacity exceeding 305 MW and utilising both Vestas and Siemens turbines.
“We are very pleased to once again accompany our valued long-standing client CWP
Energy, and proudly contribute our financing to this landmark project,’ said Dr Velibor
Marjanovic, Member of the Management Board of KfW IPEX-Bank. “Once again, we are
emphasising our commitment to driving forward the energy transition in Europe.”
CWP Energy is committed to delivering significant community benefits, including
funding for local services and environmental projects. Sanquhar II offers long-term
economic and social investment, supporting jobs, local businesses, contributing over
£200 million to local councils and communities over its 40-year lifespan.
