DNV GL has completed a 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 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 77 Vestas 9.5MW turbines across two sites in the North Sea, approximately 25 kilometres off the Dutch coast. Construction is due to start in the second-half of 2018 and commercial operations are expected to commence in 2021. 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.
