Macquarie Infrastructure Debt Investment Solutions (MIDIS) has financed a portfolio of seven on-shore wind farms in the UK.
The £60m (€75.9m) amortising facility was given to asset manager Capital Dynamics Clean Energy and Infrastructure Fund.
The 18-year facility will be used to recycle equity capital across the 55MW portfolio.
MIDIS, which invests in infrastructure debt for institutional investors, said the facility was made up of RPI-linked and nominal debt.
Kit Hamilton, MIDIS senior vice-president, said onshore wind was “one of the most established renewable technologies”.
“We anticipate increasing interest from renewable energy businesses looking for loan structures to match their cash-flow inflation profile,” Hamilton said.
Rory Quinlan, Capital Dynamics managing director, said assets such as wind power generators needed alternative ways to access secure long-term funding.
Earlier this month, MIDIS said it raised £580m for its infrastructure debt strategy.
At launch in March, James Wilson, the company’s portfolio manager for infrastructure-debt investment solutions, estimated inflation-linked borrower demand at around £4bn.
