659 MW Walney offshore wind project
The group of lenders includes: Aviva Investors BlackRock Investment Management (UK) Limited Legal & General Investment Management Real Assets Macquarie Infrastructure Debt Investment Solution Through DNV GL’s technical assessment to the group of lenders, the company’s team of offshore experts provided valuable details on the risk profile of the offshore project, enabling the lenders to enter the strategically important and ever-expanding offshore wind market.
“As the offshore wind industry matures, new lenders are entering this rapidly growing market, seeking stable long-term returns which are sustainable, and economically considerate. DNV GL has broad experience in offshore wind since 1993 and this venture into one of the world’s largest offshore wind farms was, for many of the lenders, their first in offshore wind. This is yet another indication of the importance of offshore wind in our growing low carbon energy system. We are proud to support these new sources of investment into this market,”said Prajeev Rasiah, Executive Vice President for DNV GL’s Energy business in Northern Europe, Middle East & Africa. DNV GL’s comprehensive experience in lenders’ and owners’ due diligence for over 30 GW of wind projects, provided the group of lenders with detailed insight into the technical risk of their customers’ investment decision. Built in the Irish Sea, the newly expanded Walney wind farm will have a total generating capacity of 1.7 GW. Source / More: DNV GL Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>