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Financial close of Windpark Spui for group of lenders supported by DNV GL technical risk assessment

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Financial close windpark Spui
Due diligence for Dutch onshore wind farm in the province of South Holland focused on technical risks to have 735 MW wind capacity installed by 2020.
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ARNHEM, The Netherlands - 31 May 2018 – DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed comprehensive due diligence of the Dutch Windpark Spui, for a group of lenders who are providing the debt financing for the project. 

The power generated at Windpark Spui, which will supply renewable electricity to more than 24,000 households, will be sold to Eneco Group, a Dutch sustainable energy company, under a 16-year power purchase agreement. Eurus Energy, a leading Japanese renewable energy company, acquired the project from YARD, a Dutch-based developer of wind energy projects, and its co-developer prior to financial close.

“We’d like to congratulate all the parties involved on this momentous achievement. At a time of intense focus on the wind industry, the financial close of Windpark Spui is integral to fulfilling the commitment of the province of South Holland to have 735 megawatts (MW) of onshore wind capacity installed by 2020. Our interdisciplinary and cross-border team of technical experts provided the lending consortium with comprehensive technical due diligence ahead of their investment,” said Prajeev Rasiah, Vice President & Regional Manager North Europe, Middle East & Africa at DNV GL.

Windpark Spui, a 21 MW wind farm located in the municipality of Korendijk in South Holland, the Netherlands, will consist of five Enercon E-126 EP4 wind turbines, which will have a hub height of 135 meters, a rotor diameter of 127 meters and a rated power of 4.2 MW.

DNV GL’s team of local and international wind experts delivered the technical due diligence which featured an independent engineering review of the technical details of the project and associated contractors and companies, including appraisal, environmental permits, civil and electrical design as well as the environmental site conditions, energy production assessment, construction and operations contracts and financial model. 

About DNV GL 
DNV GL is a global quality assurance and risk management company. Driven by our purpose of safeguarding life, property and the environment, we enable our customers to advance the safety and sustainability of their business. Operating in more than 100 countries, our professionals are dedicated to helping customers in the maritime, oil & gas, power and renewables and other industries to make the world safer, smarter and greener.

In the power and renewables industry 
DNV GL delivers world-renowned testing and advisory services to the energy value chain including renewables and energy efficiency. Our expertise spans onshore and offshore wind power, solar, conventional generation, transmission and distribution, smart grids, and sustainable energy use, as well as energy markets and regulations. Our experts support customers around the globe in delivering a safe, reliable, efficient, and sustainable energy supply. Learn more at dnvgl.com/energy.