Irish wind farm of 35 MW closes financing

Wind turbines in Ireland. Author: Harry Pears. License: Creative Commons. Attribution-ShareAlike 2.0 Generic

June 21 (Renewables Now) - Asper Investment Management and the Craydel Group have reached financial close on a 35-MW onshore wind farm in county Galway, Ireland, Asper, a spin-out of private equity firm Hg, said today.

London-based Asper is providing equity financing and raised a EUR-58-million (USD 66.9m) senior debt facility from NordLB, which has also been mandated to work on financing a 43-MW project in county Mayo.

The projects were developed, are built and will be operated by Irish onshore wind company Invis Energy, a joint venture between Asper and the Craydel Group.

The Galway project will involve the installation of 11 Siemens turbines of 3.2 MW that will generate 118 GWh per year, the investment firm said.

Invis Energy currently has about 300 MW of projects in operation or under construction and is set to reach 360 MW by the end of 2018, according to the announcement.

(EUR 1 = USD 1.154)

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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