GL Garrad Hassan Provides Support For Italian Wind Farm’s Financing

Posted by NAW Staff on March 12, 2012 No Comments
Categories : Projects & Contracts

Renewable energy consultancy GL Garrad Hassan says it has supported the investors of the Fossa del Lupo project, a 97.5 MW wind farm located in Calabria, Italy.

The investors are ERG Renew and three banks involved in due-diligence services: ING Bank, Credit Agricole CIB and Centrobanca.

GL Garrad Hassan says it accomplished the assessment of the potential risks that can influence the project financing of the wind park. By identifying potential risks and demonstrating ways of mitigating them, the company says it supported ERG Renew, a wind energy electricity producer, and the banks involved to meet the strict requirements of a project financing.

GL Garrad Hassan's project and portfolio due-diligence service covers all of the technical aspects of a wind farm project. The consultancy reviews all project-related reports, contracts, technical specifications and financial models, as well as the detailed design of certain features – for example, the turbine, turbine foundation and electrical network.

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