Consultancy Plays Key Role in Securing €1 Billion in Funding for European Clean Energy Projects
Lithuania: Largest Onshore Wind Farm
According to Wood Consulting, it was instrumental in helping its clients in Europe secure over €1 billion in funding, which allowed three significant clean energy projects to proceed with final investment decisions.
Its group of experts functioned as Lenders’ Technical Advisors in Lithuania, advancing the biggest onshore wind farm in the country. Throughout the pre-finance phase, it also provided guidance to the developer Nord/LB and its banking partners, KfW IPEX-Bank and the Nordic Investment Bank.
821 MW Wind Farm to Power 270,000 Homes
This 821 MW plant, which is scheduled for completion in 2026, will supply electricity to more than 270,000 households while reducing annual carbon emissions by more than 200,000 tonnes. As construction gets underway, Wood maintains his position as the site’s project manager.
Sweden: 553 MW Onshore Wind Portfolio
The developer Renewable Power Capital was able to finalize financing for its 553MW onshore wind portfolio in Sweden with the help of the consultancy’s expertise. The project, which consists of four wind farms, is expected to drastically cut the nation’s industrial sector’s emissions.
Technical Advisor and Oversight During Construction
In order to facilitate full project financing, Wood served as a technical advisor for the first investment and then conducted additional due diligence. It will keep up its support for the project by offering knowledgeable direction and oversight during the building phase.
Spain: Catalina Green Hydrogen Project
In addition, the consultancy is serving as the owner’s engineer for Spain’s Catalina green hydrogen project. The plan was just revealed as the winner of the first auction held by the European Hydrogen Bank, taking home €230 million in funding.
1.5 GW of Renewable Energy to Power 500 MW Electrolyser
1.5GW of solar and wind energy combined will power a 500MW electrolyser in Catalina that will produce green hydrogen.
“Significant capital investment is required to profoundly transform and accelerate the diversification of the world’s energy mix,” stated Wood Azad Hessamodini’s executive president for consulting.
“I am proud of the difference we are making. Our consultants and technical advisors are adept at helping our clients evaluate the crucial elements, like market returns and technical and commercial viability, that enable final investment decisions.”
