OPW is refinancing the Walney offshore wind farm to optimize debt conditions and ensure long-term sustainability in the rapidly expanding UK offshore wind sector.

Information on the Target

The Walney offshore wind farm, owned by a consortium consisting of Ørsted, SSE, and OPW, represents a significant asset in renewable energy. With a capacity of 367 MW, the project is equipped with 102 Siemens wind turbines, featuring innovative rotor designs that enhance efficiency. Operational since 2012, it has established itself as a pioneering project in the offshore wind sector within the UK.

Owned in part by PGGM and DIF’s Ampere fund, the asset has generated interest for refinancing given its strategic importance and reliable output. The refinancing process aims to optimize financial conditions and align them with current market standards, thereby enhancing the project’s financial sustainability.

Industry Overview in the Target's Specific Country

The UK offshore wind industry has seen rapid expansion, positioning itself as a global leader in renewable energy. As of 2023, the UK's offshore wind capacity has surpassed 10 GW, driven by strong gove