DNV GL has secured a role as technical advisor to a group of institutional lenders with their investment of the 659MW Walney Extension. Located off the coast of North West England at Barrow-in-Furness, the Walney Extension offshore wind farm will bring a mix of wind turbine types, featuring 40 MHI Vestas V164 and 47 Siemens SWT-7.0-154 turbines.
DNV GL conducted a detailed technical due diligence study and full independent energy production assessment, allowing the group of lenders to develop an understanding of the technical characteristics and risk profile. The group of lenders includes:
- Aviva Investors
- BlackRock Investment Management (UK) Limited
- Legal & General Investment Management Real Assets
- Macquarie Infrastructure Debt Investment Solution
Built in the Irish Sea, the newly expanded Walney wind farm will have a total generating capacity of 1.7 GW.
