Partners Group Asks DNV GL for Borssele Investment Advice
- Business & Finance
DNV GL has advised Partners Group on technical risks of its investment in the 730MW Borssele III & IV offshore wind farm in the Netherlands.
DNV GL provided an independent engineering review of the technical details of the project and associated contractors and companies, including technical details of the market environment.
“At a time of intense focus on the offshore wind industry, the Dutch project auctions have been monitored with a great deal of interest around the world. Our interdisciplinary and cross-border team of technical experts provided Partners Group with a comprehensive technical due diligence ahead of their investment,” said Andreas Schröter, Executive Vice President Central Europe & Mediterranean at DNV GL – Energy.
Earlier this year, Partners Group signed an agreement to join the Blauwwind consortium developing Borssele III & IV as an equity investor on behalf of its clients.
The wind farm is currently owned by Shell (40%), DGE (30%), Eneco Group (20%), and Van Oord (10%). Once the agreement is completed, Partners Group will control a 45% share in the project, with Shell controlling a 20% stake, DGE 15%, and Eneco and Van Oord 10% each.
The Borssele III & IV offshore wind farm will comprise 77 Vestas 9.5MW turbines across two sites some 25km off the Dutch coast in the North Sea.
The construction is scheduled to start in the second half of this year, with commercial operation expected to begin in 2021.