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15 December 2009

Mott MacDonald is Lenders Engineer on World’s biggest wind farm

Mott MacDonald’s role as Lenders Engineer for GE Energy Financial Services reached a major milestone as the deal for the world’s biggest wind farm to date, Shepherds Flat - anticipated to have a capital value of around US$ 2 billion - reached financial close on 10th December 2009.

Shepherds Flat will supply an estimated two billion kilowatt hours of green electricity each year into a grid owned by utility Southern California Edison, which will then be distributed across the west coast. It will generate enough power to supply 235,000 average California homes and spare the atmosphere 1.5 million tonnes of greenhouse gas emissions each year.

Shepherds Flat project sponsors, independent power producer Caithness Energy has agreed to pay GE $1.4bn to deliver 338 of its 2.5MW turbines to the project, and provide 10 years of operations and maintenance services. GE Energy Financial Services is also investing an undisclosed amount into the project.

Mott MacDonald’s project team of renewables professionals assisted the Lenders by providing technical, risk and financial analysis of the project proposals and technical assistance up to financial close.

Robert Speht, Mott MacDonald’s project director said, “This is a very exciting project and we’re delighted to have been selected by the Lenders. Mott MacDonald has a wealth of experience in providing technical consultancy for both sponsors and financiers on major wind and offshore wind projects around the world and we’re thrilled to assist on this major first for the wind industry.”

The two-year construction project will kick off in 2010 and the turbines will be built at GE’s production facility in Florida. The project entails the construction of 85 miles of road and 90 miles of power lines to link it to the grid.

Ends

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