Natural Power has supported Bank of Ireland and the European Investment Bank (EIB) as lenders technical advisor to reach financial close for the 75.6MW, 21-turbine, Cloncreen Wind Farm in County Offaly, Ireland.
The project achieved financial close in May 2021 with Natural Power delivering technical due diligence for the lenders during the project financing phase. Bank of Ireland and EIB will each supply half the €100 million required to build the wind farm. Natural Power will continue to provide construction monitoring services throughout the build stage of the project which is due to enter commercial operations in Q4 2022.