Allied Irish Banks to set up 200m wind project fund
Allied Irish Banks is expected to administer a €200 million fund to finance wind farms in Ireland. The money will come jointly from the European Investment Bank (EIB) and AIB.
The joint venture will offer the financing for up to 15 years at competitive rates, the Irish Times cited Bernard Byrne, AIB's head of personal, business and corporate banking, as saying few days ago.
The money will be available to fund projects of up to 75 megawatts in size or up to €75 million in financing.
Those interested in drawing down the funds must provide between 10 % and 20 % of the capital involved.
Bernard Byrne also said that AIB intended to invest €1 billion in renewable energy and energy conservation projects by 2017.
The Irish Wind Energy Association (IWEA) said that the onshore wind energy sector in Ireland could attract €4.7 billion in investment by 2020. The organization stated that 119 new projects of 2,746 MW in total have sealed contracts for grid connection.
Country news
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October 22, 2013
Halcrow selected as Technical Adviser for Irish road PPP project
The National Roads Authority of Ireland has selected a Technical adviser for "the provision of technical advice and support services to the Contracting Authority during the design, procurement, construction, handover and dispute resolution stages of the M11 Gorey to Enniscorthy Public Private Partnership.". Read more -
October 30, 2013
Union Investment infra fund acquires wind farms in Ireland and France
Union Investment, through its infrastructure fund 'UniInstitutional Infrastruktur SICAV-SIF', Read more -
November 01, 2013
Ireland announces tender for Dublin Institute of Technology (DIT) campus PPP project
The Irish Minister for Education and Skills, Ruairí Quinn T.D., yesterday announced the publication in the Official Journal of the European Union (OJEU) by the National Development Finance Agency (NDFA) of the invitation to the market to tender for the Grangegorman Public Private Partnership (PPP) project. Read more -
November 13, 2013
Globalvia & Sacyr Concesiones win Dublin O&M contract in M50 area
Globalvia and Sacyr have been awarded the contract for the operation, maintenance and renewal of all the toll-free motorway segments in the Greater Dublin area in Ireland. The contract has an initial 5-year term and can be extended for a further two years and has an amount of €35 million. Read more -
November 19, 2013
Three teams shortlisted for Ireland School PPP Bundles 4 and 5
The Irish National Development Finance Agency (NFDA) has announced that it received five Expressions of Interest for Schools PPP Bundles 4 and 5 in July 2013. Read more
