EDF reaches financial close on 450MW Neart Na Gaoithe project

28 November 2019

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 due to begin in June 2020 and commissioning expected in 2023.

Vekta Group and our associates was pleased to support NNG during the development and acquisition phase of the project.