Leading renewable energy consultancy and service provider, Natural Power, has provided technical due diligence services and energy yield assessment to Neoen for the financing of its 404MW Mutkalampi wind farm in western Finland.
Neoen has now reached financial close for the project, which will be the largest onshore wind farm in Finland, accounting for some 2% of the country’s annual production.
Natural Power delivered an independent, bankable energy yield assessment and a comprehensive technical due diligence report including a review of the EPC contract, turbine O&M agreement, grid connection agreement, all power purchase agreements, construction programme, electrical design, site access and transportation arrangements, ground investigations, turbine technology, permits and environmental review, and a financial model technical inputs review.
Neil Marshall, Senior Project Manager in Natural Power’s Advisory team, said: “This project really exemplifies international collaboration between our teams in the UK and France as well as growing our reach into the Nordics. We have developed a strong working relationship with Neoen’s international team over many years through our offices in France, and our track record in the Nordics provided a strong knowledge base for this particular project.”
