GL Garrad Hassan has supported Mitsubishi Corporation (Mitsubishi) in making a major investment in the European offshore wind sector by providing strategic advice and technical due-diligence as part of a wider structure advisory team.
Mitsubishi, Japan’s largest trading group has acquired a 50% interest in the 129 MW Luchterduinen project off the coast of the Netherlands, in a deal which underlines the attractiveness of European offshore wind to international investors.
The investment demonstrates that the offshore wind sector is continuing to broaden its access to the sources of capital needed to develop and build such major projects. GL Garrad Hassan provided Mitsubishi with pre-investment strategic advice on approaching the European offshore wind market and due-diligence of the technical risks associated with this large and complex offshore wind project.
GL Garrad Hassan is a recognised world leader in offshore wind strategy and engineering services and has contributed to the majority of the world’s major projects since first being involved with offshore technology in 1993. As one of the world’s largest dedicated renewable energy consultancies, a unique integrated service offering means that GL Garrad Hassan is able to support clients through all phases the investment life-cycle – from understanding market structure and trends to opportunity identification and due diligence.
[mappress]
Press release, January 28, 2013; Image: mitsubishi