skip to Main Content

Welcome

Hi there! You’ve got questions? We have answers. Just send us a message and one of our knowledgeable staff will be in contact with you soon.

Get In Touch

Email: info@eoacc.com
Phone: (UK) +44 (0)203 405 2320
Address: UK: Collingham House, 10-12 Gladstone road, Wimbledon, London, SW19 1QT

Our Location

UK: +44(0)203 405 2320 / SA: +27(0)21 300 2380 info@eoacc.com

UK Export Finance deal secures investment in North-East England

UK Export Finance (UKEF) and South Korea’s export credit agency Korea Trade Insurance Corporation (K-Sure) have helped SeAH Wind UK to secure £367 million in Standard Chartered Bank and HSBC UK financing to build the world’s largest wind monopile manufacturing facility.

The financing will secure inward investment which will create 750 jobs in Teesside and ensures construction of the world’s largest wind monopile factory in Redcar.

GET IN TOUCH WITH OUR WIMBLEDON ACCOUNTANTS

Issuing its first ever ‘Invest-to-Export’ loan guarantee to secure overseas investment in British industry, UKEF together with K-Sure has ensured that SeAH Wind UK can fund the construction project – worth almost £500 million. The facility was also eligible for longer and more flexible repayment terms as a ‘Clean-Growth’ facility.

Wind monopiles act as the foundation for most offshore wind turbines and are considered important to the growth of the global renewable energy sector. 

See: Ground-breaking UK Export Finance deal secures huge investment in North-East England – GOV.UK (www.gov.uk)

Author

Back To Top