Gronan Wind Farm, County Tyrone

A four-turbine onshore wind farm development supporting Northern Ireland's transition to low-carbon energy, generating clean energy for the grid, and marking a strategic investment in low-carbon infrastructure.

The Fund provided an £8.58m senior debt facility to fund the development of a 4-turbine wind farm located 10km south of Castleberg in Northern Ireland. The wind farm will consist of four refurbished Enercon E82 E4 turbines at 2.35MW each.

Construction is underway, with the turbines expected to be operational by early 2026. Upon completion, the windfarm will be capable of exporting more than 20GWh per annum to the grid, with a long-term Power Purchase Agreement in place.

The funding marks NIIF’s first deployment of capital into a low carbon energy generation project. It will fund a portion of the total development costs of £12.9m and will be secured by a first charge over the asset.

The Sponsor, BSI Wind Limited, is a Northern Ireland based developer, supported by HCA Corporate Advisory, that has brought several similar schemes to market in the region.