Irish developer Ecopower has secured over €200 million of project financing that will enable construction at a 100MW wind farm in the Republic of Ireland.
First Berlin Securities Brokerage advised on the deal, which will see financing secured from lenders ING Wholesale Banking and DekaBank.
The project has not been named but is understood to be for the Upperchurch project in County Tipperary.
Ecopower director Pat Brett said: “The investment underlines our commitment to the Republic of Ireland and to being a long-term developer and owner of renewable energy assets.
“The project is a substantial addition to our current portfolio and provides local employment and environmental benefits.”
Gaurav Tiwari, Head of Capital Markets at First Berlin added: “We are delighted to continue supporting Ecopower Limited on further developments and in bringing this project through to the operational phase.”
The development will feature 22 turbines with a maximum tip height of 152m and rotor diameters of between 112m and 117m.
Initially granted planning permission in 2014 for 22 smaller turbines, the then-named An Bord Pleanála granted permission for the larger machines in 2022.