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SgurrEnergy supported Galloper to reach financial close

By: Tom Russell 03/11/2015 SgurrEnergy

General Windfarms

SgurrEnergy supported the Galloper offshore wind farm to reach financial close. The announcement made last week will see a 336MW extension to the existing Greater Gabbard project off the coast off Suffolk.

SgurrEnergy, a Wood Group company, conducted technical due diligence providing initial bankability feedback to the developer, which was then followed by the successful completion of a detailed technical due diligence report for the benefit of the project lenders.

The Glasgow-based company has been working on this project for nine months and will continue to be involved with the wind farm in a construction and operations monitoring capacity.

SgurrEnergy’s Andrew Cole, Associate Director within the Advisory Services Group, said: “We would like to congratulate Galloper upon reaching this milestone achievement. It is a testimony to the efforts of their team that they have come such a long way in a short time this year. We are delighted to have supported them successfully through this development period and look forward to working together during the construction phase.”

Toby Edmonds, Project Director, Galloper Wind Farm Limited said: “The Galloper announcement underlines that the UK is still a strong market for offshore renewables and we’re delighted to be taking the project forward with our new project partners and investors. The support of everyone who has worked on the project thus far has helped us reach this critical milestone. SgurrEnergy have done an excellent job as the lenders technical advisor and we look forward to working with them and the banks to realise successful completion of the project.”

Galloper offshore wind farm will generate enough clean energy for up to 336,000 homes and will support around 700 jobs during construction and around 100 jobs once operational.Siemens is due to start installing the 56 SWT-6.0-154 wind turbines for the Galloper project in May 2017.

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SgurrEnergy supported Galloper to reach financial close

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