UK green bank refinances offshore wind farm share

The UK Green Investment Bank (GIB) and Japan’s Marubeni Corporation have refinanced part of their joint 50% share in the Westermost Rough offshore wind farm. A consortium of lenders, including Siemens and Bank of Tokyo-Mitsubishi, are to invest £370 million in refinancing the project being built off the Yorkshire coast. Developer DONG Energy holds the […]

Japan to buy stake in UK offshore wind project

Japan’s state-owned Development Bank of Japan (DBJ) is set to buy a stake in a 172MW offshore wind project (pictured) in England. The Bank said it has entered into an agreement with Marubeni Corporation to buy half – or 24.95% – of its stake of the Gunfleet Sands wind farms 1 and 2. Marubeni had […]