Centrica, Siemens Nab $660M For Offshore UK Wind Project

Law360, New York (June 7, 2012, 7:00 PM EDT) -- Centrica PLC, a Siemens AG unit and Dong Energy have landed £425 million ($661 million) in financing for their joint renewables venture, a 270-megawatt wind farm five miles off England's east coast in the North Sea, Centrica said Thursday.

A consortium of 10 commercial banks will provide the backing for Lincs Wind Farm Ltd., according to Centrica. The funders include BNP Paribas, HSBC Bank and the Bank of Tokyo-Mitsubishi UFJ.

Lincs' total cost has been pegged at about $1 billion. The site is expected to begin...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.