Everoze advises lenders group on a €370 million refinance of an NTR 220 MW onshore wind portfolio
August 2020
Everoze was delighted to advise the lenders on the refinancing of an NTR portfolio of 12 operational wind farms in the UK and Republic of Ireland. The portfolio has a total installed capacity of 234 MW with a mix of turbine types and assets that commenced operation between 2014 and 2020 and benefit from REFIT (Ireland) and ROC (UK) long-term support. The lending group comprised AIB, LBBW, Natwest / Ulster Bank, Santander and Siemens Financial Services.
Everoze scope of work included high-level monthly operational energy assessments alongside technical review of the design, construction, connection, operations contracts and consents. Everoze built upon asset specific pre-construction technical due diligence assessments previously performed by Everoze for the majority of the assets. The work was delivered via LiveDiligence, providing earlier access to the review findings.
Joe Dalton, at NTR said “we were delighted with the efficiency of the work undertaken by Everoze on this transaction. Despite the inconvenience for all of remote working and the associated complexity, the technical due diligence was undertaken professionally, pragmatically and in a timely manner by Everoze.”
