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Cash Delight For Moray East

30th November 2018

EDP Renovaveis, Diamond Generating Europe and Engie have secured finance to build the 950MW Moray East offshore wind farm off the coast of Scotland.

Project financing agreements have been signed with a syndicate of 16 commercial banks as well as with EKF, Denmark's export credit agency, and the Japan Bank for International Cooperation.

The financing includes a £2.1bn debt facility and £0.5bn of ancillary facilities. Financial close is expected by the end of the year.

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