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Record oil prices turn investors to wind power

By Alice Young on September 5th, 2008

Five French wind farm projects, totalling 77MW capacity came online in February 2008. Project France phase-2 was a €115 million project constructing a total of 42 turbines. This challenge was undertaken as a joint venture by EOLE-RES S.A, a French wind park developer, and Renewable Energy Systems of the UK.

Mott MacDonald Ltd, a well renowned Global engineering consultancy, was appointed as Lenders and Owners Engineer for the project, which spanned three regions of France. In charge of due diligence as well as Owners’ engineer work for the project, Mott MacDonald was also present throughout the construction phase. Ron Donnelly of Mott MacDonald explained the increase in wind farm developments recently was “due to high oil prices there is more motivation for people to try to meet the low carbon agenda…investments in wind farms are becoming much more popular.”

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