Natural Power, Keystone Engineering Team Up Offshore US
Renewable energy consultancy and service provider Natural Power and offshore wind engineering company Keystone Engineering have formed a partnership to pursue and collaborate on technical consulting and advisory business opportunities in the US offshore wind market.
According to Natural Power, their partnership was set up with the aim of providing a wider range of technical services to offshore wind clients.
Some of these services include desktop review and feasibility studies, site and technology selection support, resource characterization, and energy yield estimation. The companies will also provide engineering services, front end engineering and design, lenders technical advisory services, M&A due diligence, Independent Engineering, as well as federal and state permitting support.
From its offices located across the US, Natural Power supports a range of clients including institutional investors and banks, developers, asset owners, power producers and utilities, as well as government organizations, delivering services throughout the region and beyond, the company stated.
“At Natural Power, we’re well-suited to support utility-scale offshore wind projects with our track record in the successful delivery of due diligence and experience in technical analysis,” commented Jim Adams, President of North American Operations at Natural Power.
In 2020, Natural Power provided due diligence on the Maryland offshore wind project to support Apollo Global Management’s investment decision to commit up to USD 265 million of convertible debt and equity to acquire an equity stake in US Wind.
“Keystone Engineering has been engaged in the international offshore wind market for nearly 20 years and from the early days of Cape Wind in the US. Keystone spearheaded the engineering development of the offshore wind industry in the US and designed the foundations for Block Island Wind farm,” said Adam Rogge, CEO of Keystone Engineering.
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