€65m boost for Energia projects

WORK on a €72 million 51-megawatt wind farm in Co Tyrone is to commence immediately after Energia raised €65m to finance the project which is part of its all-island renewable energy plans.

Energia, a member of the Viridian Group, disclosed last night that it had secured investment in 51MW of electricity capacity in new wind farms at Crigshane and Church Hill in Co. Tyrone. The development forms part of Energia’s all-island renewable energy plans.

Energia said it has completed €65m in non-recourse project financing with Nord/LB and Rabo- bank, for an 18-year term.