Neart Na Gaoithe offshore wind farm, Scotland

The Scottish offshore wind farm – in gaelic meaning ‘Might of the Wind’ – took a decade since it was first awarded development rights in 2009 to reaching financial close in 2019. But after years of legal challenges and vacillating subsidy challenges, Neart na Gaoithe concurrently raised debt to build the wind farm while signing to sell-down equity – breaking ground at the time of financial close

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