Renewable energy consultancy Natural Power supported Bank of Ireland and the European Investment Bank (EIB) on the financing of the Cloncreen wind farm in Ireland.
Natural Power was lenders technical advisor for the 75.6MW, 21-turbine project in County Offaly.
The project achieved financial close in May with Natural Power delivering technical due diligence for the lenders during the project financing phase.
Bank of Ireland and EIB will each supply half the €100m required to build the wind farm.
Natural Power Ireland operations manager David Dunne said: “We are pleased to have supported BOI and EIB in financing the Cloncreen wind farm project.
“With wind energy at the heart of Ireland’s Climate Action Plan, we are currently supporting around 4.8GW of projects in Ireland, and it’s encouraging to see the momentum here continue to build in support of the Republic’s efforts to reach zero carbon by 2050.
“Cloncreen wind farm is one of the first RESS-1 projects to reach financial close and we would also like to congratulate Bord na Mona on achieving this pivotal project milestone.”
Natural Power will continue to provide construction monitoring services throughout the build stage of the project, which is due to enter commercial operations in the fourth quarter of 2022.