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DNV GL advised Partners Group on technical risks in its investment in Borssele III/IV


Due diligence on Dutch offshore wind project focused on technical risks

Hamburg, Germany -7th February 2018 DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed a comprehensive due diligence project on the 730 MW Borssele III/IV construction-ready offshore wind project in the Netherlands.

The work was commissioned by Partners Group, the global private markets investment manager, in preparation for its successful bid to acquire a 45% stake in the project on behalf of its clients. The investment will make funds managed and/or advised by Partners Group the largest shareholder in the Borssele III/IV farm.

The Borssele III/IV offshore wind farm will comprise seventy-seven Vestas 9.5 MW turbines across two sites in the North Sea, approximately 25 km off the Dutch coast. Construction is due to start in the second-half of 2018 and commercial operations are expected to commence in 2021. When fully operational, Borssele III/IV is expected to generate 3 TWh per year, enough to power approximately 825,000 households.

Before bidding to acquire shares from existing investors including Shell, Mitsubishi and Enerco, Partners Group contracted DNV GL to carry out a technical due diligence on the project. This featured 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.

About DNV GL

DNV GL is a global quality assurance and risk management company. Driven by our purpose of safeguarding life, property and the environment, we enable our customers to advance the safety and sustainability of their business. We provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas, power and renewables industries. We also provide certification and supply chain services to customers across a wide range of industries. Operating in more than 100 countries, our experts are dedicated to helping customers make the world safer, smarter and greener.

DNV GL in the power and renewables industry

DNV GL delivers world-renowned testing and advisory services to the energy value chain including renewables and energy management. Our expertise spans onshore and offshore wind power, solar, conventional generation, transmission and distribution, smart grids, and sustainable energy use, as well as energy markets and regulations. Our experts support customers around the globe in delivering a safe, reliable, efficient, and sustainable energy supply.

 

Learn more at www.dnvgl.com/energy.