Rome - The Falck Renewables Group, through the subsidiary Assel Valley Wind Energy Ltd, has stipulated a non-recourse project financing loan contract on a club deal basis with MUFG Ltd.(The Bank of Tokyo-Mitsubishi UFJ Ltd) and Banco de Sabadell for a total amount of approx. 42.3 million Pounds Sterling, for the wind farm of Assel Valley (Scotland), which first became operational at the end of October 2016. The loan agreement, expiring in December 2034 and a tenor of 18 years, has been finalised at favorable conditions, reflecting the high level of performances expected from the windfarm and the Group's financial soundness. The Assel Valley wind farm, located in South Ayrshire, Scotland, consists of ten N90/2500 Nordex turbines with installed capacity of 25 MW. The farm will generate nearly 84,100 MWh per year of renewable energy. It will be capable of meeting the energy requirements of around 20,500 households, thus saving approx. 36,000 tonnes of CO2 per year. "With Assel Valley closing we completed with no delays all the activities we announced to the market for 2016 which included about 200 million euros of financing and refinancing in five separate deals and the renegotiations of the margin over Euribor for the solar project financings in Italy. All these activities allowed us to reduce our cost of debt in 2016 compared to 2015 and provided us additional liquidity to support our new Business Plan. Our gross debt remains 100% funded by non-recourse project financing and we have the flexibility provided by currently undrawn Corporate Credit Lines totalling 150 million euros, closed at very convenient terms and conditions, with an expiry date set for June 2020," said Paolo Rundeddu, Chief Financial Officer of Falck Renewables.