Leading renewable energy consultancy and service provider, Natural Power, has provided technical due diligence for phase three of CPC’s Lakiakangas wind farm to support the financing of the project which is located in western Finland between the Isojoki and Kristinestad regions.
The proposed Lakiakangas 3 wind farm is an 86 MW wind farm consisting of 20 Vestas V150 4.3 MW turbines, and is due to start producing power by the end of 2021.
Luke Gregson, Senior Advisory Project Manager at Natural Power, said: “Through our previous work in the Nordics, we have developed extensive local knowledge and experience throughout our business. Having conducted pre-financial close due diligence on both the first and second phases of the Lakiakangas project and acting as lender’s technical advisor on the second phase, we were very familiar with the scheme. It is great for our business to see deal-making continue to advance the low carbon agenda in 2020, despite the impacts of Covid-19.”
During the course of the phase three work, Natural Power conducted a licenses and permitting review as well as an in depth project document review including turbine supply, service and availability, balance of plant agreements, grid connection offer and power purchase agreement as well as the project’s financial model.
