This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more

close

News

£425 million Lincs Wind Farm project financing agreements finalised

07 June 2012
11:00

Centric plc logo

Lincs Wind Farm Limited, a joint venture between Centrica plc, DONG Energy and Siemens Project Ventures GmbH, has finalised agreements to provide non-recourse project finance facilities for the 270MW Lincs offshore wind farm.

The facilities, totalling £425 million, will be provided by a consortium of 10 commercial banks.

 Notes

  1. Lincs Wind Farm Limited is a Joint Venture between Centrica (50%), DONG Energy (25%) and Siemens Project Ventures GmbH (25%).
  2. Construction of the wind farm commenced in 2010. First power is expected to be achieved in the second half of 2012 and the asset is expected to be fully operational in the first half of 2013.
  3. The consortium of 10 commercial banks consists of Abbey National Treasury Services Plc (trading as Santander Global Banking & Markets); BNP Paribas; Nordea Bank; Skandinaviska Enskilda Banken; Unicredit Bank; DNB Bank; HSBC Bank; KfW IPEX-Bank; Lloyds TSB; The Bank of Tokyo-Mitsubishi UFJ.   

Enquiries:
 

Centrica
Investor Relations: +44 (0)1753 494900
Media Relations: +44 (0)800 107 7014
DONG Energy
Media Relations: Rune Birk Nielsen +45 99 55 65 43
Investor relations: Allan Bødskov Andersen +45 99 55 97 69
Siemens Financial Services
Investor Relations and Media Relations
Shanshan Fang (Carrie)
Tel: +49 89 636 86429
Email: fang.shan_shan@siemens.com
 

Back to news index

Related

Hot topic

Energy Choices for the UK

Centrica is deeply conscious of the cost-of-living challenge facing many of our customers, and we are fully committed to tackling climate change. This is why we have been working to explore pathways for future UK energy policy to 2030 and beyond that are both sustainable and affordable.

The UK’s Energy Challenge

Securing long-term affordable energy supplies for our customers is a driving force for how we do business.

View all hot topics

Load more hot topics

Resources

View the resources page for our full range of images and logos.