CWP Energy has finalised financing for the Sanquhar II onshore wind farm in southern Scotland, UK, after securing a contract for difference (CfD) in the UK Government's Allocation Round 7 (AR7a).
The 308MW Sanquhar II wind farm, set to be the largest onshore renewable energy project in the UK by 2026, is backed by a £400m agreement.
KfW IPEX-Bank served as mandated lead arranger, bookrunner, underwriter, modelling bank and hedge coordinator.
Commerzbank and Helaba have joined the syndicate, strengthening financial backing for CWP Energy’s future projects. Pinsent Masons served as legal adviser.
KfW IPEX-Bank member of the management board Velibor Marjanovic said: “We are very pleased to support our valued long-standing client CWP Energy with our arranging expertise.
“With this financing, we strengthen the security and decarbonisation of energy supply in Europe.”
The Sanquhar II facility will feature 44 Vestas V162 EnVentus turbines. It is said to be the first in Scotland to adopt this advanced turbine technology.
Once operational, the wind farm is expected to provide clean electricity to around 335,000 homes each year and cut CO₂ emissions by more than 540,000t annually, supporting the UK’s net-zero and energy security goals.
Construction has begun, employing approximately 200 workers, with almost half sourced locally as CWP Energy prioritises local contractors and suppliers.
This project is the latest collaboration between KfW IPEX-Bank and CWP Energy, marking their eighth joint venture in wind farm financing, utilising Vestas and Siemens turbines to achieve a combined capacity of more than 500MW.
CWP Energy managing director Rod Wood MBE said: “We are delighted to have reached financial close on the post-CfD debt on Sanquhar II under attractive financing conditions.
“Together with KfW IPEX-Bank and our strong bank partners, we look forward to continuing to deliver one of the UK’s most significant onshore wind farm projects.”
CWP Energy has also pledged economic and social investments amounting to more than £200m to enhance community welfare over a 40-year period.
In February 2026, the Scottish Government declined CWP Energy’s proposal for the Scoop Hill Wind Farm nearly 5km south-east of Moffat due to the project’s potential adverse impact on the landscape and visual environment.
