en.Wedoany.com Reported - Gresham House and Amegni Renewables, through their joint venture Carno 3 LLP, have reached financial close on the 45MW Carno 3 wind farm in North Wales, securing an £80 million project finance facility from Santander and Rabobank.

This financing will support project construction through to completion, with work continuing throughout 2026 and expected to finish in autumn 2027. Once operational, the wind farm is anticipated to become one of the largest onshore projects in Wales. It is estimated that Carno 3 will generate enough renewable electricity to power approximately 46,000 homes, saving around 65,000 tonnes of CO2 annually.

The project builds on the long-standing partnership between Gresham House and Amegni Renewables, who have collaborated in wind power development for many years. Gresham House currently provides asset management services for the adjacent, already operational Carno 1 and Carno 2 wind farms.

Wayne Cranstone, Investment Director at Gresham House, stated that Carno 3 is a significant renewable energy project for the energy transition in Wales and the UK as a whole, and achieving financial close is an important milestone for the project. He expressed delight in moving into the construction phase with the support of Santander and Rabobank.

Sion Thomas, owner of Amegni Renewables Ltd, said that Carno 3 represents the next phase in the development of a high-quality wind power cluster in this region of Wales, and expressed pride in collaborating once again with Gresham House and project partners to deliver a scheme that will make a meaningful contribution to domestic renewable electricity generation.

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