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Italy’s largest wind farm gets go-ahead  

Credit:  Staff, Windpower Monthly, www.windpowermonthly.com 25 October 2011 ~~

Commissioning of the 138MW Budduso-Ala dei Sardi wind farm, located on the Italian island of Sardinia, is to go ahead after a deal between developer Falck Renewables and renewable-energy underwriter GCube.

Falck has already secured €230 million in project finance for the 69-turbine project, which will be the biggest in Italy. Under the underwriting agreement, GCube is ensuring construction and providing cover for future operation.

“Italy, like many of its southern European neighbours, has suffered in the wake of the financial crisis,” said Fraser McLachlan, CEO of GCube. “However, by working closely with broker Nsure and Falck, we’ve been able to provide a secure backdrop for future energy finance.”

Source:  Staff, Windpower Monthly, www.windpowermonthly.com 25 October 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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