Wood Consulting has announced it has facilitated more than €1 billion in funding for its clients across Europe, enabling three significant clean energy projects to reach final investment decisions.
In Lithuania, Wood Consulting served as Lenders' Technical Advisors for the country's largest onshore wind farm. The consultancy provided guidance to developer Nord/LB and its banking partners KfW IPEX-Bank and the Nordic Investment Bank throughout the pre-finance period. Scheduled for completion in 2026, the 821MW wind farm will provide power to over 270,000 households and is expected to cut carbon emissions by more than 200,000 tonnes annually. Wood will continue to lead project management as construction progresses.
In Sweden, Wood Consulting assisted Renewable Power Capital in finalizing the financing for a 553MW onshore wind portfolio, comprising four wind farms. This project aims to significantly reduce emissions from the country's industrial sector. Wood provided technical advisory services for the initial investment and conducted further due diligence to secure full project financing. The consultancy will maintain its role throughout the construction phase.
Additionally, Wood is serving as owner's engineer for the Catalina green hydrogen project in Spain, which recently secured €230 million in funding from the European Hydrogen Bank's inaugural auction. The Catalina project will combine 1.5GW of wind and solar energy to power a 500MW electrolyser for green hydrogen production.
“To profoundly transform and accelerate the diversification of the world's energy mix, significant capital investment is required,” said Azad Hessamodini, executive president for consulting at Wood. “Our consultants and technical advisors are skilled at supporting our clients in assessing critical factors, such as technical and commercial feasibility, that enable final investment decisions. I am proud of the impact we are making.”
