Financial close has been reached on the Blakliden and Fabodberget wind farms in Sweden which have a combined capacity of 353MW.
EKF and Rabobank are providing loan finance to the projects, which are being developed by Vattenfall, Vestas and Danish pension fund PKA.
Vestas will supply 84 V136-4.2MW turbines for the two wind farms – 50 at the Blakliden site in Asele and 34 at Fabodberget in Asele and Lycksele.
Both wind farms are expected to start full commissioning in the fourth quarter of 2021.
Mott MacDonald provided technical advice to Vestas and PKA, before transferring to a lenders’ technical advisor role once the transaction was successfully closed.
The consultancy carried out due diligence, including reviews of the turbine and anti-icing technologies, the hourly production obligation risk under the off-take agreements, construction contracts, programmes and financial models, environmental and social plans and energy yield assessments.
Mott MacDonald will now monitor construction and operations in an ongoing role.
Mott MacDonald project principal Gary Bills said: “We are pleased to have supported these wind farms to reach equity and debt financial close, further manifesting our solid track-record in Scandinavia including the use of anti-icing technologies.
“We are looking forward to continuing to support the lenders during the four-year construction period.”