Leading renewable energy consultancy, SgurrEnergy, has completed technical due diligence and resource assessments for GE Energy Financial Services’ equity investment in two Irish onshore wind farms. SgurrEnergy conducted the lender’s engineer and wind analysis services for the 17.1MW Acres onshore wind farm in County Donegal and the 34.2MW Barranafaddock onshore wind farm in County Waterford.
The scope of work for the project, developed by Element Power and with a combined capacity of 51MW, included resource assessments, review of project participants and contractors, permitting review, review of civil, electrical and wind turbine design, grid connection, key contracts and construction schedule. This builds on SgurrEnergy’s extensive Irish market track record, run from its office in Dublin.
SgurrEnergy, part of Wood Group, is now carrying out construction monitoring on behalf of GE Energy Financial Services for the duration of construction of both sites, expected to be completed in 2015. The wind farms are expected to generate enough electrical energy to power more than 33,300 homes in Ireland and avoid the emission of up to 75,000 tons of greenhouse gases.
The projects are among the first to utilise GE’s newly launched GE 2.85-103 wind turbine which has a higher rated capacity and larger rotor diameter to optimise wind energy generation.
Simon Luby, director of advisory services at SgurrEnergy, said: “Our integrated wind and technical due diligence service is backed by a strong knowledge of the local market and considerable ‘hands-on’ experience in project delivery. In combination, these skills allowed us to provide our client with rapid, efficient and reliable support during this important transaction.”
SgurrEnergy is a leading renewable energy consultancy, providing engineering and technical advisory services in onshore and offshore wind, solar, wave and tidal and hydro projects.
Founded 12 years ago by technical director Ian Irvine and implementation director Steve McDonald, the company has been involved in more than 110GW of renewable energy projects in over 70 countries around the world.
Headquartered in Glasgow, Scotland, SgurrEnergy has over 200 staff in international offices in China (Beijing), Canada (Vancouver), India (Pune), France (Paris), Ireland (Dublin), the US (Portland), Brazil (Rio de Janeiro), Norway (Stavanger), Germany (Hamburg) and South Africa (Johannesburg). www.sgurrenergy.com
SgurrEnergy is a subsidiary business of Wood Group.
Wood Group is an international energy services company with over $7bn sales. The Group is built on our Core Values and has two reporting segments – Wood Group Engineering and Wood Group PSN – providing a range of engineering, production support and turbine services to the oil & gas, and power sectors. www.woodgroup.com
GE Energy Financial Services
GE Energy Financial Services-GE’s energy investing business-works as a builder, not just a banker, to help meet the world’s power and fuel needs. We offer more than money-expertise-for essential, long-lived and capital-intensive power, oil and gas infrastructure-GE’s core business. Drawing on GE’s energy technical know-how, financial strength and risk management, we see value where others don’t and take on our customers’ toughest challenges with flexible equity and debt transaction structures. Based in Stamford, Connecticut, GE Energy Financial Services holds approximately $18 billion in assets. More information: www.geenergyfinancialservices.com.
