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Deal done for new windfarm

Deal: Phil Dyke

Deal: Phil Dyke

Work is due to start on a windfarm near Heysham after developers signed an £11.7m funding deal with bankers.

Banks Renewables has completed an agreement with Royal Bank of Scotland to finance the construction of its sixth onshore wind farm.

The three turbine wind farm will be built on agricultural land to the south east of Heysham.

Cheetham Hill Construction will start preparatory work on site soon and the turbines are expected to be in place by the end of the year.

Between 10 and 50 people will be employed on the site at any one time during the preparation and construction phases of the project.

A related community benefits fund worth at least £250,000 across the 25-year lifespan of the wind farm will enable Banks Renewables to deliver a range of community and environmental improvements in partnership with local people.

Phil Dyke, development director said: “Banks Renewables’ long-term ambition is to develop, construct and operate a sizeable portfolio of onshore wind farms across the north of England and Scotland.

 

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