EDF reaches financial close on 450MW Neart Na Gaoithe project
EDF Renewables has reached financial close on the 450MW Neart na Gaoithe offshore wind farm off the east coast of Scotland. The French developer has brought Irish utility ESB on board as a 50% shareholder on the project and has secured funding from 25 financial institutions. Manufacturing of components has kicked off with offshore construction […]
Taiwan’s Formosa 2 offshore wind farm reaches financial close
Formosa 2 has been jointly developed by Macquarie Capital (75%) and Swancor Renewable Energy (25%). GIG will now play a role in delivering the project through its construction phase. The 376MW offshore wind project located off the coast of Miaoli will utilise 47 Siemens Gamesa 8MW turbines. Total funding for the project of TWD 62.4 […]
Kincardine confirms first power
Kincardine Offshore Wind has confirmed the first phase of an up to 50MW floating project off Scotland notched first power late last month. The company, majority owned by Spanish construction company Cobra, said the Vestas V80 unit atop a Principle Power semi-submersible platform exported electricity on 26 September. KOW said the milestone is a “watershed […]
