Looking for a specific product?

Make a search for products & suppliers, articles & news.

DNV GL advises on GBP 210 million investment for three new UK wind farms

DNV GL advises respected lenders, including Santander, on their GBP 210 million investment in a new 151 MW onshore wind portfolio.

DNV GL AS

 

DNV GL, the world’s largest resource of independent energy experts and certification body, has advised renowned lenders, including Santander, on their GBP 210 million project finance investment for the construction of three new onshore wind farms by Banks Renewables, the first of which is expected to start generating electricity by early 2018.

The 151 MW three wind project portfolio, Kype Muir and Middle Muir in Scotland, and Moor House in England, were among 15 projects that had successfully secured Contract for Difference (CfD) during the first round of the UK government auction initiative in 2015.

The lenders’ technical due diligence and advisory services provide an independent evaluation of a project's technical risks, particularly those uniquely relevant to the CfD funding and programme – and highlights the realisation impact of those risks – on the safe and profitable construction and future operation of the assets.

Prajeev Rasiah, Executive Vice President, for DNV GL’s energy business in NW Europe, Middle East & Africa, commented “We always endeavour to provide our customers with the greatest market investment insight, particularly for new schemes, such as the UK government’s CfD programme. We constantly strive to ensure that investors have the knowledge they need to make sound financial investments, to mitigate against all risks to secure the safe construction and smooth operation of assets.”

Construction has begun on the three-project portfolio, with the six-turbine Moor House wind farm expected to become operational in early 2018. Middle Muir, comprising 15 turbines, is scheduled to be operational later in the same year and Kype Muir’s 26 turbines are due to start producing energy in early 2019.

 


Associated companies:


Related news

Latest news

New partners in sensors and geothermal

Associate Professor Mona Mihailescu from University Politehnica of Bucharest, Romania visited CMR. She is also due to visit Iceland where her other partner in green energy is situated.

Resolutuions at Semcon's annual general meeting 2017

Semcon’s Annual General Meeting (AGM) was held on Wednesday April 26,

DNV GL launches new PSC Planner application

Classification society DNV GL has launched a new application on its My DNV GL portal

300 solutions that will change the world

Global Opportunity Explorer launch

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project,

Feeding the future with AKVA

AKVA group has seen a strong market response to the new AKVAconnect feeding system, released late 2016 into the Chilean market. Customer feedback has been very positive resulting in a strong increase in sales.

The Mohammed bin Rashid Al Maktoum Solar Park Phase II will be managed by GreenPowerMonitor monitoring solutions

The project forms part of the larger 1 GW Mohammed bin Rashid Al Maktoum Solar Park

Chalet and chaletino, oak flooring of exceptional length and width

Chalet and Chaletino from BOEN is parquet flooring made with exceptionally wide and long planks of the finest timber.

Fire in Vestdavit offices – Possible disruption of service

Vestdavit and all staff would like to express sincere thanks for the inquiries and good wishes sent to us by our industry partners,