Enercon and Allied Irish Banks (AIB) have formed a partnership aimed at helping wind energy startups enter Ireland's market.
The availability of capital for small- and medium-sized wind farm projects, especially the [sub-10MW] projects, has been constrained over the last five years, partly due to the high transactional costs, according to AIB Head of Business Banking Ken Burke. The companies will work to reduce due diligence costs for smaller wind developers, including farmers that want to generate their own power.
