New Albion Wind Ltd, a special purpose vehicle wholly owned by John Laing achieved financial close on the 14.35MW New Albion Wind Farm near Kettering in Northamptonshire.

DWPF developed a bespoke financial model for the project, supporting Laing through the process to financial close.

The project is scheduled to be fully operational by January 2016 and it is anticipated that the facility will generate enough electricity to meet the annual electricity demands of approximately 8,000 average UK households per year.

Total capital expenditure for New Albion Wind Farm will be £19m. Debt financing is provided by Nord/LB, who has acted as sole mandated lead arranger. All generated power will be sold to Statkraft under a 15 year Power Purchase Agreement.