Gwynt-y-Môr Ofto preps EIB-enhanced project bond

Richard Metcalf

February 05, 2015 04:45 pm

Gwynt-y-Mor wind farm 230x150 — Prestatyn, United Kingdom. 26th February 2014 -- Survey vessels working on the Gwynt Y Mor wind farm off the North Wales coast have found unexploded bombs on the sea bed. -- Unexploded bombs thought to be dating back to World War II have been discovered near the Gwynt y Mor wind farm, off the North Wales Coast. Wind farm developers RWE Innogy UK are preparing to remove the explosives from the sea bed. Explosives discovered at North Wales wind farm | Geoff Abbott / Demotix/Demotix/Press Association Images

Gwynt-y-Môr Ofto, the company which will run the offshore transmission system for a 576MW windfarm off the north coast of Wales, has mandated banks for a benchmark sterling bond to finance its £352m investment.

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Richard Metcalf

People & Markets Editor GlobalCapital