Looking for a specific product?

Make a search for products & suppliers, articles & news.

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.

Dnv Gl AS

HAMBURG, Germany - 7 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 Eneco, 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.

 

Associated companies:


Related news

Latest news

TechnipFMC named top Petroleum International Contractor by ENR

This accomplishment places us in front of companies such as Petrofac,

The world’s energy demand will peak in 2035 prompting a reshaping of energy investment

The electrification trend is already enveloping the automotive industry.

DNV GL launches revised design standard and new certification guideline for floating wind turbines

The role of offshore wind, including floating offshore wind energy, 

Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

When the IMO confirmed the 2020 deadline for the 0.5 per cent global sulphur cap in 2016, 

DNV GL launches Operations & Analytics Centre in India to enable 24/7 monitoring for renewable assets globally

The new global monitoring centre is especially significant to independent power providers, 

DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”

The flexible, efficient and environmentally friendly design was developed by Jiangnan Shipyard in cooperation with GTT,

DNV GL starts phase II of project to examine the impact of phase-contamination on oil flow meters

Accurate measurement of the production of oil fields is an important means ...

Important message at the “AKVAculture Day”

We won’t be able to create growth unless we can handle the industry’s challenges.

Visit from the Ministry of Trade Industry and Fisheries

The Ministry visited in order to learn more about the industry.