Barclays commits £47 million funding to Belltown Power for the refinancing of Tirgywnt Wind Farm 11 May 2017 10:00 Belltown Power has announced that it has concluded the refinancing of Tirgwynt onshore wind farm with senior debt provided by Barclays. Tirgywnt is a 12 Turbine ROC accredited operational wind farm in mid-Wales, with an installed capacity of 24.6MW and will produce enough renewable energy to power 21,500 homes. Turbines were supplied by Senvion, and Balance of plant works was carried out by Jones Brothers. The £47m long-term senior debt facility is provided by Barclays, alongside a long-term power purchase agreement (PPA) with Engie. Advisers for the refinancing were Elgar Middleton and Eversheds together with Pinsent Mason and Everose acting on behalf of the senior lender. The wind farm will provide community benefit funding for the 25-year life of the wind farm. Dan Allen, Investment Director for Belltown, said: “We are delighted to have completed the refinancing of the Tirgywnt Wind Farm. This transaction builds on our previous success in the onshore wind space, and will allow Belltown to continue to grow its portfolio of renewable energy assets. We are pleased to become long term partners with Barclays through this refinancing; their long term structure and flexibility are a good fit for this project.” Neil Fleming, Director at Barclays, said: “With Barclays’ strong track record in supporting renewables projects, we saw our part in this key venture through the provision of debt finance as a natural fit. Working closely with the Belltown management team, we agreed a structure that works for both parties to help deliver the successful refinancing of the Tirgywnt Wind Farm, further demonstrating our continued commitment to the UK renewable energy sector.” Notes to editors For further information about Barclays Corporate Banking, please visit our website www.barclayscorporate.com About Barclays Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 120,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.home.barclays .