Ireland: HSH finances wind farm and expansion of transformer station

Alternative Sources of Energy, Banking, Energy — By on June 19, 2018 at 8:02 AM

Lars Quandel

HAMBURG/KIEL HSH Nordbank is making available to its Irish client Seahound Wind Developments Limited long-term project finance of just under € 40 million to realise the Letteragh wind farm project in the west of the Irish Republic. The farm with its six wind energy plants of the Enercon E-92 type (hub height 84.6 metres) will have a total nominal output of 14.1 megawatts (MW). The turbines are expected to start operating in summer 2019.

“What was special about this transaction was that, in addition to the project finance of the wind energy plants, we also embedded the expansion of the transformer station in the financing, thereby offering our client an overall financing package from a single source. That’s how we clinched it,” said Lars Quandel, Head of Energy & Infrastructure at HSH Nordbank.

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