Wind farms go abroad for funds
SMALL wind farm projects say they are being forced to go abroad for finance as they are being refused loans by Irish banks who say they can’t access funding due to Irish banking’s poor international image.
The Irish Wind Energy Association (IWEA) say that the smaller wind farms, typically producing less than 5MW of energy, are going directly to European banks. It is believed the Bristol office of Dutch bank Triodos is sweeping up much of the Irish co-operative business.
