Funding finalised for European wind farms
Published by Sarah Smith,
Assistant Editor
Energy Global,
Financial close achieved on the 16 April 2020 for the Black Lough onshore wind farm, and on the 25 May 2020 for the Three Trees and Enros wind farms, marks the latest technical due diligence success for Black & Veatch Europe’s renewable energy business. The company was working on behalf of ING Bank, a branch of ING-DiBa AG, a major backer of renewable energy and sustainability projects globally.
Black Lough is a 14.1 MW, six-turbine array in County Sligo, Republic of Ireland. Three Tree and Enros are respectively 4.6 MW and 2.3 MW (two and one-turbine) projects in County Donegal, Republic of Ireland. The projects’ sponsor is SMR. Black & Veatch’s technical due diligence team encompassed environmental consulting, civil and electrical engineering evaluations and leading-edge digital wind yield analytics. The team provided ING with a full technical assessment of the project’s sustainability, buildability and profitability. Black & Veatch also delivered construction monitoring services.
The Black Lough, Three Trees and Enros wind farms are some of the last Irish projects to be supported via the Renewable Energy Feed-in Tariff (REFIT) 2 Scheme, and in order to qualify had to meet tight construction deadlines. SMR’s confidence in the project was such that construction was initiated ahead of financial close.
Globally Black & Veatch has supported more than 56 GW of wind energy projects, including more than 20 GW of new-build owner’s engineer experience.
With Black Lough now operational, Black & Veatch’s support for ING Bank is continuing with technical due diligence and construction monitoring on the Three Trees and Enros windfarms.
Read the article online at: https://www.energyglobal.com/wind/18062020/funding-finalised-for-european-wind-farms/
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