The portfolio of wind farms, of which seven are located in Northern Ireland, and seven in the Republic of Ireland, has assets comprising 10 operating wind farms with a total output of 184MW, with a further four wind farms generating a total of 46MW that will commence operations by mid-2017. The wind farms will produce enough energy to meet the electricity needs of around 120,000 homes, offsetting around 250,000 tonnes of CO2.
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TNEI partnered with wind energy consultancy, K2 Management on the project and the combined efforts of the two companies ensured CGNEE was able to successfully value and acquire the portfolio. TNEI provided specialist advice on a number of complex issues which can affect wind farms in Ireland, including grid codes, constraints and curtailment on the Irish system, noise issues, and environmental and consenting issues, while K2 Management led the technical due diligence, including review of contracts, technology, costs and the energy yield.
(CD/LM)
