02/22/2013

Signed bank financing for UK wind farms

Fred. Olsen Renewables Ltd., which is indirectly owned on a 50/50 basis by Bonheur ASA and Ganger Rolf ASA, has through wholly owned subsidiaries signed a GBP 139.3 million 14 year term loan facility and a GBP 12 million letter of credit facility with an international bank consortium to finance the construction of the Rothes II and Mid Hill wind farm projects in Scotland.