Watson, Farley & Williams, a leading international law firm, has recently advised Falck Renewables Plc on the financing and offtake arrangements for the second extension of a wind farm project owned by Millennium Wind Energy Limited located in the Scottish Highlands. Millennium Wind Energy Limited reached financial close with RBS to project finance the construction of a 15MW extension to its existing 50MW wind farm project on 21 December 2010. The project financing made use of the European Investment Bank’s UK onshore wind intermediated loan scheme and demonstrates Falck Renewables Plc’s continuing success in accessing debt markets to fund its growing pipeline.

The overall amount of the financing is £70.92m and the second expansion facility amount was £15m.

Watson, Farley & Williams has acted for Falck Renewables since 2004, advising it on the financing of six onshore wind farms located in the UK, including the original project financing and first expansion of the project owned by Millennium Wind Energy Limited.

Mark Lawson, partner, led the team for Watson, Farley & Williams and was assisted by associates Simon Alsey, Joe Hesketh and Will Curwen.