Wood Consulting has announced it has played a key role in securing more than €1bn of funding for its clients in Europe, enabling three major clean energy projects to reach final investment decisions.
In Lithuania, its team of technical consultants served as Lenders’ Technical Advisors, helping to advance the nation’s largest onshore wind farm. It also guided the developer Nord/LB, alongside its banking partners KfW IPEX-Bank and the Nordic Investment Bank, throughout the pre-finance period.
Set for completion in 2026, this unnamed 821MW plant will power over 270,000 households, slashing carbon emissions by more than 200,000 tonnes per year. Wood continues to lead on project management for the site as construction begins.
The consultancy’s expertise was also key in supporting developer Renewable Power Capital to finalise financing for its 553MW onshore wind portfolio in Sweden. Made up of four wind farms, the project is set to significantly reduce emissions produced by the country’s industrial sector.
Wood acted as technical advisor for the initial investment followed by further due diligence to enable full project financing. It will continue to support the project, providing expert guidance and supervision throughout the construction phase.
The consultancy is also acting as owner’s engineer for the Catalina green hydrogen project in Spain. The scheme was recently announced as a recipient of the European Hydrogen Bank’s first auction, receiving €230m in funding.
Catalina will combine 1.5GW of wind and solar energy to power a 500MW electrolyser producing green hydrogen.
”To profoundly transform and accelerate the diversification of the world’s energy mix, significant capital investment is required,” said executive president for consulting at Wood Azad Hessamodini.
“Our consultants and technical advisors are skilled at supporting our clients in assessing the critical factors, such as technical and commercial feasibility including market returns, that enable final investment decisions, and I am proud of the impact we are making.”