News listings

energy-pedia alternative energy

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: Equinor announces refinancing of the Dudgeon wind farm


12 Dec 2018

Photo - see caption

The owners of the Dudgeon wind farm, Equinor, Masdar and China Resources Group, have signed a hybrid refinancing of GBP 1.4 billion. The refinancing includes commercial bank debt and senior secured notes privately placed with institutional investors. Both tranches have been oversubscribed, underpinning strong investor interest. The A- (EXP) rating by Fitch reflects efficient operations and robust asset performance.

The refinanced debt consists of approximately GBP1.27 billion in fully-amortizing senior-term loans, comprising around GBP561 million in commercial debt and a GBP706 million private placement of senior secured notes, maturing in June 2032. The financing also includes approx. GBP150 million in ancillary facilities provided via commercial bank commitments.

'Dudgeon is a unique project with strong operational performance,' said Beate Myking, Chair and Director of Dudgeon Offshore Wind Limited.

'The excellent collaboration with our partners and advisors has enabled the successful refinancing. The A- (EXP) credit rating and investors’ keen interest further underpins the market confidence in Dudgeon and is strong evidence of Equinor’s competence and capacity to successfully develop and operate offshore windfarms.'

Photo - see caption
Equinor announces refinancing of the Dudgeon wind farm

The 402MW Dudgeon Offshore Wind Farm is located 32 kms off the Norfolk coast in England. It produces 1.7 terawatt-hours (TWh) of electricity annually, the combined output of 67 wind turbines, sufficient to power an estimated 410,000 UK homes and an annual displace 893,000 tonnes of carbon dioxide.

Click here for Dudgeon Offshore Wind Farm press release

Original article link

Source: Equinor





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1652
Completed deals: 5081

Company Profiles

Current Company Profiles: 2618

Corporate Activity

Current Corporate Activity articles: 3168

Companies Looking

Current number of articles: 423

Company Sales

Current Company Sales articles:1312

Geostudies

Current Geostudies articles: 603

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Lynx Information Systems
RSK Logo 149
energy365
SLR Consulting logo
count geophysics
Government of South Australia
EP Consult Energies
Bayphase
KL Publishing
Union Jack Oil 149
Rose & Assocs 149
OPC
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com