CWP Energy has reached financial close on the 308 MW Sanquhar II onshore wind farm in southern Scotland following the award of a Contract for Difference (CfD) in the UK government’s Allocation Round 7 (AR7a), according to the companies involved.

The project, described as the largest onshore wind development in the UK for 2026, has secured approximately £400 million in financing. KfW IPEX-Bank acted as mandated lead arranger, bookrunner, underwriter, modelling bank and hedge coordinator. During the syndication process, Commerzbank and Helaba joined the transaction, forming a banking group to support the project and the developer’s future growth. Legal advisory services were provided by Pinsent Masons.

Sanquhar II will comprise 44 V162 EnVentus turbines supplied by Vestas, making it the fourth-largest onshore wind farm in the UK and the first project in Scotland to deploy this next-generation turbine technology. Once operational, the facility is expected to generate enough renewable electricity to power around 335,000 homes annually and avoid more than 540,000 tonnes of CO? emissions each year.

Construction of the wind farm is already underway, with approximately 200 people currently employed on site. According to the developer, nearly half of the workforce has been sourced locally, reflecting a focus on regional contractors and suppliers.

A representative from KfW IPEX-Bank said the financing supports both energy security and decarbonisation efforts in Europe, while Rod Wood, managing director of CWP Energy, highlighted that the company had secured post-CfD debt under “attractive financing conditions” and would continue working with its banking partners to deliver one of the UK’s most significant onshore wind projects.

This transaction marks the eighth collaboration between KfW IPEX-Bank and CWP Energy, following previous financing for seven operational wind farms with a combined capacity of more than 500 MW.

In addition to its environmental contribution, the project is expected to deliver long-term economic and social benefits, with CWP Energy committing to invest more than £200 million in local communities over the wind farm’s 40-year operational lifespan.