German bank provides £56.5m for UK wind farm

Germany’s state-owned bank KfW Group is financing a 37.4MW onshore wind farm in the UK. The bank’s investment arm said it would provide £56.5 million for the Crook Hill project […]

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By Priyanka Shrestha

Germany’s state-owned bank KfW Group is financing a 37.4MW onshore wind farm in the UK.

The bank’s investment arm said it would provide £56.5 million for the Crook Hill project in east Lancashire. The wind farm by will consist of 11 turbines and will generate enough electricity to power around 25,000 homes.

A 15-year power purchase agreement has also been signed with Norwegian utility Statkraft.

The wind farm is expected to start producing energy from July next year.