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

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965