Bank of Ireland and EIB to finance €100m wind energy project
Topics: IRELAND EIB
The new 75 megawatt (MW) windfarm, located at Cloncreen, Co Offaly, will create up to 100 jobs during the construction phase and is due to start supplying renewable energy to the national grid next year.
This is the first project under the Renewable Electricity Support Scheme to receive financing and when completed, will be another contribution towards Bord na Móna’s objective to supply approximately one third of Irish homes with renewable energy by 2030.
Bank of Ireland and the European Investment Bank are the Mandated Lead Arrangers for the project financing and each providing 50% of debt. ■