Engineering consultancy Mott MacDonald is the lender’s technical advisor on the 140MW Akita offshore wind farm off Japan.
The project, which is being developed by a consortium led by Marubeni Corp, will be constructed in two phases off Akita and Noshiro ports.
It is the first commercial-scale Japanese offshore wind farm to secure non-recourse debt financing from a syndicate of Japanese lenders, reaching financial close earlier this month.
Mott MacDonald supported the developer during the tendering and procurement phase for the offshore balance of plant contract and further conducted technical, commercial, environmental and social due diligence to achieve financial close.
The consultancy will continue its involvement during the construction and operational phases of the project.
Mott MacDonald Japan business development manager Isao Terasawa said: “This project is a great achievement and first for Japan – and with participation of local stakeholders, it paves the way for development of the Japanese offshore wind industry supply chain.
“We were able to transfer and apply best practice and knowledge from our European and global offshore wind projects into the procurement and due diligence process, which will serve as a benchmark for future in-country projects.”
Construction is to start this month, with full commercial operations expected in the fourth quarter of 2022.