29 December 2015

Banking and Renewables sector experts from Burges Salmon have advised Temporis Capital LLP, UK Green Investment Bank (GIB) and KKR on the £82 million project financing of a 52MW onshore wind farm in Scotland.

The Burges Salmon team, led by Banking partner Graham Soar with assistance from the firm’s Construction, Real Estate and Energy teams, acted for Temporis as Agent and Security Agent on the project financing for the consented Blackcraig wind farm in Dumfries and Galloway in Scotland.

Temporis is an investment management firm that specialises in the renewable energy and clean technology sectors across multiple asset classes. The lenders for the project included the UK Green Investment Bank and KKR. The construction of Blackcraig will commence in January 2016 and it is scheduled for completion by March 2017. The 23-turbine project is expected to produce more than 150GWh of renewable electricity annually, enough to meet the electricity requirements of over 37,500 homes.

Graham Soar commented: “This project builds on our previous lending work for Temporis, GIB and KKR. We are delighted to have helped Temporis, GIB, KKR and Blue Energy get the financing of Blackcraig to completion, particularly against the backdrop of an eventful year for the UK renewable energy sector.”

Key contact

Richard Leeming

Richard Leeming Partner

  • Banking and Trade Finance
  • Derivatives, Debt Capital Markets and Securitisations
  • Real Estate Finance

Subscribe to news and insight

Burges Salmon careers

We work hard to make sure Burges Salmon is a great place to work.
Find out more