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Good Energy Group announces £11.8m for wind farm development

Good Energy Group Plc has announced a £11.8 million financing package for the repowering of its wind farm at Delabole in North Cornwall, UK.

The £11.8m wind farm package includes £9.6m in debt finance from the Co-operative Bank and £2.2m equity from Good Energy Group’s own resources.

Planning approval for the repowering was granted in December 2008, with final permission coming through in December 2009. With the finance now in place, construction can begin and the entire wind farm project is expected to be complete by Q4 2010.

The repowering of Delabole will see the 10 existing wind turbines replaced with four modern, more powerful, Enercon wind turbines to harness the wind resource more effectively. With a total combined capacity of 9.2 MW, these turbines will increase the wind farm's output by roughly two and a half times.

Delabole wind farm was the UK’s first commercial wind farm and began generating in 1991.

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