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31 January 2008

Mott MacDonald’s and the World’s 1st project financed offshore windfarm

Mott MacDonald’s role as Lender’s Engineer during the construction phase of the world's first project financed offshore windfarm, Q7, reached a key milestone as the project exported its first power to the Dutch grid on 21 December 2007.

Q7 is a 120MW windfarm comprising of 60 Vestas V80 2MW wind turbines and situated 23km off the Dutch coast in water depths of about 23m with a construction budget of € 383 million.

Mott MacDonald’s appointment on Q7 started in 2005 during the pre-financial stage of the project as Lender's Engineer for Rabobank, Dexia, and EKF. Following successful financing of the project, Mott MacDonald was re-appointed to monitor the construction phase.

Christos Kolliatsas, Mott MacDonald’s project manager said, “Q7 has posed major technical challenges being the furthest from shore, in the deepest water and with the deepest cable burials. Together with our colleagues from James Ingram & Associates, we played a significant role in finding appropriate solutions. "

“We are delighted that we were selected for this prestigious project, our work for Q7 and other offshore windfarms has given us the opportunity to demonstrate our unique combination of marine, wind and project finance expertise."

The windfarm is expected to be completed by the end of April 2008.

Ends

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