Masdar, Abu Dhabi’s renewable energy company, has announced financial close on its share of London Array with SgurrEnergy acting as technical advisor to the banks on the transaction.
The first phase of the project, located 20 kilometres off the coast of Essex and Kent, is jointly owned by DONG Energy (50%), E.ON (30%) and Masdar (20%) and became fully operational in April 2013, after more than two years of offshore construction work. SgurrEnergy has provided lender’s engineer services since 2009 on behalf of joint-owner, Masdar. The company provided a detailed techno-commercial review of the project for the pool of lenders which focused on all key aspects of wind farm design, construction and operation.
