SgurrEnergy Advises Borkum Project Lenders

 SgurrEnergy has acted as technical advisor on behalf of the 200MW Borkum wind farm lenders during the financing and construction monitoring phases of the project.

The project was officially opened by the developer, Trianel GmbH, at a ceremony held on 31 August 2015.

The project, located approximately 45 km to the north of the East Friesian German island of Borkum, consists of 40 wind turbines and will have the capacity to supply the electricity of approximately 200,000 households. Borkum is the first municipally owned offshore wind farm in Europe and, together with Global Tech I wind farm, on which SgurrEnergy also acted as lenders’ technical advisor, Borkum is one of the first commercial projects to use tripod foundations.

The SgurrEnergy team began working on the project in 2009 and has been carrying out construction monitoring activities since the summer of 2011. The company’s technical advisor scope included monthly reporting to the project lenders on construction progress, programme and budget reviews, as well as on-site monitoring of progress through site visits. SgurrEnergy, a Wood Group company, will continue to advise the lenders throughout the early stages of operation as it moves into the next phase of operations monitoring.

SgurrEnergy’s Andrew Cole, Associate Director within the Advisory Services Group, said: “Having been involved with Borkum since the beginning of the financing process in 2009, and working through a challenging and ground-breaking construction phase, it’s great to see the project now successfully into operation.

We would like to congratulate all of the team at Trianel GmbH on achieving this significant milestone and we look forward to working with them as the project moves into the next exciting phase.”

Image: trianel