KfW IPEX-Bank, Commerzbank, and Helaba provide £400m financing for CWP Energy's 308MW Sanquhar 2 onshore wind farm in Scotland

CWP Energy secured £400 million in project financing for the 308MW Sanquhar 2 onshore wind farm in Dumfries & Galloway, Scotland, marking a key milestone in the project's development. The financing was led by KfW IPEX-Bank as mandated lead arranger, with Commerzbank and Helaba joining during syndication, following the project's award of a Contract for Difference in the UK government's AR7a auction earlier in 2026. The wind farm will consist of 46 Vestas V162 turbines and is currently under construction, with completion expected in the coming years. This transaction strengthens Europe's energy security and decarbonization efforts by adding material renewable capacity to the UK grid. The financing terms were described as attractive by CWP Energy, reflecting strong market confidence in the project's viability and long-term revenue stability through the CfD mechanism.

Counterparts (4)

Lender

Helaba

company

Helaba is a German Landesbank offering a broad range of financial services. It focuses on providing financing solutions for infrastructure projects, including renewable energy, transportation, and social infrastructure.

KfW IPEX-Bank

company

Frankfurt-based export and project finance bank specializing in international infrastructure financing. Focuses on sustainable transport, energy transition, and industrial decarbonization projects across Europe and emerging markets.

Commerzbank

company · 1 deals

Commerzbank is a German bank that supports corporate client groups and private and small-business customers. It supports clients with German connectivity and companies operating in selected future-oriented industries.

Developer

C

CWP Energy

company

Sydney-based Australian renewable energy developer and operator specializing in utility-scale wind, solar, and firming assets. Owns and operates 2 GW of renewable energy projects with a focus on accelerating Australia's energy transition through large-scale wind farms, solar projects, and battery storage facilities.