Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gaelectric Gets $84 Million in Loans for Ireland Wind Farms

Don't Miss Out —
Follow us on:

March 25 (Bloomberg) -- Gaelectric Holdings Plc, a Dublin-based renewable energy developer, received $84 million in loans to build wind farms in Ireland.

Proventus AB led the financing, which included debt from Norddeutsche Landesbank Girozentrale, Matthew Clark, a Gaelectric spokesman, said today by e-mail.

Enercon GmbH agreed to provide wind turbines for 13 onshore projects, which will cost about $325 million. They are expected to provide 164 megawatts of generation capacity and be completed by 2017, closely held Gaelectric said today in a statement. The NordLB debt financed construction of Gaelectric’s 13.8-megawatt Carn Hill project in Northern Ireland.

McCann Fitzgerald and RBC Capital Markets advised Gaelectric on the financing.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.