Elgar Middleton completes the financing of a wind farm in Scotland

Elgar Middleton is delighted to have advised Hermes GPE LLP (“Federated Hermes”) on the holdco financing of its majority stake in the 144MW Fallago Rig Wind Farm (the “Project”)

Federated Hermes was able to leverage the Project’s robust contractual structure and high proportion of fixed revenues to obtain a competitive financing package. This included PPAs with EDF Energy plc and BT plc.

Elgar Middleton advised Federated Hermes throughout the financing process to secure c.£132 million of long-term non-recourse debt and ancillary facilities.