On 20 February 2014 in London, SGS was awarded the Project Finance Magazine 2013 Europe Offshore Deal of the Year Award for work done on the Butendiek Offshore Wind Farm project.
At the end of 2011, Marguerite Adviser S. A. approached SGS to perform technical due diligence services for the Butendiek Offshore Wind Farm project in order to secure financing.
SGS had experience in similar projects such as Global Tech I and Borkum West II. The company also has an in-depth knowledge of BSH (the German acronym for the Federal Maritime and Hydrographic Agency) design and approval requirements as well as how to successfully obtain mandatory agency-issued project permits and licenses.
Based in Luxembourg, Marguerite is the adviser of the 2020 European Fund for Energy, Climate Change and Infrastructure which is established with the backing of six of Europe’s leading public financial institutions to make capital-intensive infrastructure investments, mainly in renewables, energy and infrastructure.
Together with other firms involved in the project, SGS was awarded the 2013 Project Finance Award for Butendiek, taking the trophy for Europe Offshore Wind Deal of the Year. Awarded by Project Finance Magazine, Euromoney Publications’ flagship international infrastructure finance title, the distinguished honor recognizes excellence in the financing of both large and small infrastructure projects.
Project Finance Awards are given for innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects.
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Press release, February 25, 2014; Image: SGS