in News Departments > Projects & Contracts
print the content item

GL Garrad Hassan says it provided engineering services to Pattern Energy that helped the developer secure construction loan financing for its Ocotillo Wind Power Project.

The 265 MW wind farm will consist of 112 Siemens 2.3 MW turbines with 108-meter rotors and will be located almost entirely on Bureau of Land Management land in California's Imperial Valley. Ninety-five of the wind turbines are expected to be operational by year-end.

Ocotillo Wind is the first wind project to deliver renewable energy over the newly constructed Sunrise Powerlink transmission line under a 20-year contract with San Diego Gas and Electric.

GL Garrad Hassan provided independent engineering technical due-diligence services for the project on behalf of Deutsche Bank, as joint bookrunner, co-structuring bank and administrative agent; RBC Capital Markets, as joint bookrunner and co-structuring bank; and a lending group that includes the North American Development Bank, the Royal Bank of Scotland, Societe Generale, NORD/LB and KeyBank.

Experts from GL Garrad Hassan conducted a full technical due-diligence review in support of the construction loan financing that closed in October. GL Garrad Hassan will also provide construction monitoring services and technical support.

The independent technical due-diligence review conducted by GL Garrad Hassan included technical assessment of the site suitability, the plant, the equipment, and all of the material procurement, construction and operation contracts. In addition, its experts analyzed project construction costs, projected operating expenses and other technical inputs to the project's financial model.



Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934