TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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SFNet's 40 Under 40 Award Winners Panel Recap
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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Potential Impacts of Blockchain on Commercial Lending
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Audit Prep: Why a Paperless Approach Makes Sense
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May 14, 2024
Source: North American Wind Power
Haventus, owner of Ardersier Port, has secured a £100 million joint credit facility from the Scottish National Investment Bank and UK Infrastructure Bank (UKIB), with £50 million investments from each.
The financing follows the company obtaining a £300 million capital commitment last year by Quantum Capital Group, when Haventus began the Ardersier Port redevelopment.
Based in Scotland’s Moray Firth, the port is expected to support offshore wind development as the ~35 GW of ScotWind and INTOG project pipeline is built out.
The port is set to offer a 450-acre site with quayside access and infrastructure for marshaling, integration, manufacturing and assembly of offshore components. The company has begun development of a 650-meter quay wall and associated quayside.
“We are delighted to have secured the support of the two banks as important partners in this nationally significant project,” says Lewis Gillies, Haventus’ chief executive.
“With their support, and that of Quantum, Ardersier Port is poised to become a critical offshore wind hub and an important job creator and enabler. It will play a crucial role in helping the country meet its net zero ambitions.”
This is the first project to be financed between the two banks, which have signed an MOU to formalize their close working relationship on projects like this.
