Power and renewables

DNV GL supports the sale of RES wind farm portfolio in deal worth over EUR 100 million

Jenny Hager

Portfolio sale includes wind farms located in the UK, Ireland and France, totalling over 100 MW

LONDON, UK – 29th January 2020 – DNV GL has provided a variety of technical services to support RES during the sale of a portfolio of wind farms to Octopus Renewables, part of Octopus Group. The wind farms, which are located in England, Wales, Ireland and France, are all operational projects.

Leveraging its global footprint and knowledge of local markets, DNV GL brought together a multidisciplinary team to undertake a variety of integrated services, such as energy yield assessments, technical due diligence and lifetime assessment, to support RES with the sale of over 100 MW of onshore wind farms.

The acquisition represents an addition to Octopus Renewables European portfolio, further strengthening its operations in France and its first entry into the Irish wind market. RES will continue to oversee the asset management and operation and maintenance of the wind farm portfolio, in line with the ambitious development of its support services.

Prajeev Rasiah, Executive Vice President North Europe, Middle East & Africa at DNV GL Energy said: “We proud to have supported RES to enable the sale of these wind farms to Octopus Renewables. This deal further strengthens the footprint of onshore wind across Europe and pushes forward our collective ambitions towards a zero-carbon energy landscape. Our own Energy Transition Outlook forecasts that we’ll need 5 times more wind power by 2030 to limit global warming to well below 2°C and meet the targets of the Paris Agreement. This project and others like it will are instrumental in helping us meet this goal.

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, supply chain and data management 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 delivers world-renowned testing, certification 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/power-renewables