Seaway7 secures funding for UK offshore wind expansion.

Seaway7, an offshore wind developer, has received a £370 million funding package from UK Export Finance (UKEF) to expand its operations in the UK. The funding includes a loan guarantee from UKEF, covering 80% of the facility, and is supported by several financial institutions including HSBC, ING, Citibank, Credit Agricole Corporate and Investment Bank, and DNB. Seaway7 plans to use the funding to bid for engineering, procurement, construction, and installation (EPCI) projects for fixed offshore wind schemes. This development is expected to create over 100 jobs in Aberdeen and strengthen Scotland's position as a global leader in offshore wind expertise. [Extracted from the article]