United Kingdom

United Kingdom

Financing complete for Northern Ireland Altahullion 26 MW

Financing is complete for a 26 MW wind farm at Altahullion in Northern Ireland that began operating in July 2003. IIB Bank and KBC Project Finance -- both part of KBC Bank NV of the Netherlands -- provided senior debt totalling some £19 million to part finance the project's construction costs. The wind farm was built at Limavady, County Londonderry by a joint venture of B9 Energy Services of Northern Ireland and Renewable Energy Systems (RES) of England. It was developed in anticipation of a Renewables Obligation law in Northern Ireland, planned to come into effect in April 2005. The project holds a 15 year power purchase agreement with Viridian Energy Supply.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events


Latest Jobs