- Press Releases
July 19 (Renewables Now) - Highfield Solar Ltd announced on Monday that it has obtained EUR 160 million (USD 188.4m) in debt financing for a couple of large-scale solar photovoltaic (PV) projects in Ireland.
The company, which is a joint venture between German firm ib vogt GmbH, Dublin-based Highfield Energy and UK company Aura Power, has secured funds for the 141-MWp Rosspile plant in County Wexford and the Gillinstown solar park of the same size near the village of Duleek in County Meath.
Highfield Solar secured a third of the senior debt financing from each of Coöperatieve Rabobank UA, Landesbank Baden-Württemberg (LBBW) and Norddeutsche Landesbank (NORD/LB).
Both Rosspile and Gillinstown were successful in Ireland’s first competitive Renewable Electricity Support Scheme (RESS 1) auction that was held by the Department of the Environment, Climate and Communications last year. The developers have opted for bifacial modules on fixed-tilt support structures for both projects. They expect solar PV construction to be finalised next July for Rosspile and in October 2022 for Gillinstown.
Ib vogt has contributed development funding and technical engineering support to the JV and will provide engineering, procurement and construction (EPC) and initial operation and maintenance (O&M) services for the PV projects.
(EUR 1.0 = USD 1.177)