The project is located in the county of Londonderry in Northern Ireland. Overall investments in the wind farm are estimated at around £60 million, including the initital consideration paid to acquire the Brockaghboy Windfarm project company.
ERG Renew expects to start construction in the second quarter of this year and complete it at the end of the first quarter in 2017. Output from the project, which is set to use Vestas V90-3MW turbines, is estimated at around 150GWh a year.
Upon completion and accreditation under the current NIRO incentive mechanism, ERG Renew is entitled to sell the project to third parties, with TCI Renewables having a right of first refusal.
ERG Renew is Italy's largest wind farm operator, with 1.1GW installed in its home country. it also has operating wind projects in France, Germany, Poland, Romania and Bulgaria.
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