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Europe is home to another “world first” as the award winning 120 MW Q7 offshore wind farm moves into the construction phase ahead of schedule. This project secured financing in the last quarter of 2006 and is the world’s first offshore wind project to achieve this. SgurrEnergy teamed up with Mott MacDonald to act as lender’s technical advisor for this challenging project. Ian Irvine, Technical Director, SgurrEnergy, commented, “this project will set the standard for those that follow because of its unique financial structure, which has had an impact on the rapidly expanding offshore wind industry as a whole.” The project, currently under construction, is located 23 km off the coast of the Netherlands and is financed by Rabobank, Dexia and EFK. SgurrEnergy performed the energy yield due diligence and carried out a technology assessment on behalf of this consortium of lenders. In addition SgurrEnergy completed an analysis of long term wind speed trends to get the long term picture for the life of the wind farm and concluded the work with a quantification of the risks. The wind farm is expected to become operational in the first quarter of 2008.
SgurrEnergy is also currently working with Mott MacDonald to provide lender’s technical support to a further 600MW of offshore wind projects both in the UK and overseas.
SgurrEnergy has amassed a wealth of offshore wind knowledge over the past 5 years including key issues such as turbine design, marinisation and access for maintenance. For further information contact Richard Boddington on 0141 433 4646 or richard.boddington@sgurrenergy.com
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