SSE and its partners Coillte have started construction of Phase 2 of its Irish onshore wind project following completion of a €176million deal.
The Galway Wind Park financing was agreed with three banks, BBVA, Cooperatieve Rabobank U.A. and NORD/LB — with each providing roughly $63.6 million.
Paul Cooley, SSE director of Renewables, said this investment marks the most significant commitment SSE has yet made in renewable generation in Ireland. “We’re now looking forward to completing construction.”
The 169-megawatt wind park will become Ireland’s largest windfarm when it is complete and is expected in the third quarter of 2017.
Work on the first phase had begun in February last year.
Phase 2 will add some 105MW to the park’s generating capacity, through a 50-50 joint venture between SSE and Ireland’s Coillte.
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