Deals Counterparts

AIB finances Bord na Móna's wind farm expansion

Financing Wind announced Ireland Mar 15, 2024
USD150M
Deal Value
83 MW
Capacity
construction
Stage
Oweninny windfarm expansion
Project

AIB is financing Bord na Móna's wind farm expansion project. The financing will support the development of additional wind energy capacity in Ireland.

Source Intelligence

KEY DETAILS

Construction on the expansion began in February of this year: "Though the companies have only now secured full financing for the second phase of the project, construction on the expansion began in February of this year ." The first phase of the Oweninny project represented 89MW of capacity and was completed in 2019: "The EIB’s involvement in the Oweninny project began with the first phase in 2017 . This phase, representing 89MW of capacity, was completed in 2019."

Deal Size
Total investment is $150m.
Capacity
The new 83MW initiative, which is the second phase of the Oweninny development, is to be financed with debt from a number of lenders including AIB, BNP Paribas and the European Investment Bank (EIB).
Location
Bord na Móna and ESB have closed a financing deal to expand the Oweninny windfarm in Co Mayo.
Announcement
by Jack Kennedy 27 Sep 2021
PARTIES MENTIONED IN SOURCE
B
Bord na Móna developer

"Bord na Móna and ESB secure funds for Oweninny windfarm expansion"

E
ESB developer

"Bord na Móna and ESB secure funds for Oweninny windfarm expansion"

A
AIB lender

"The project is backed by a consortium of banks including AIB, BNP Paribas and the European Investment Bank."

B
BNP Paribas lender

"The project is backed by a consortium of banks including AIB, BNP Paribas and the European Investment Bank."

E
European Investment Bank lender

"The project is backed by a consortium of banks including AIB, BNP Paribas and the European Investment Bank."

medium quality Enriched Feb 19, 2026

Timeline

Announced
Mar 15, 2024
Signed
Closed

Market Context

This deal is part of the Wind sector in Ireland.
137
Wind deals
26
deals in Ireland
1 of 137 Wind deals tracked this month · Updated daily

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