DNV GL supports acquisition of UK’s largest feed-in-tariff wind portfolio
DNV GL secured a leading role as technical advisor to GVO Wind Ltd and Bluemerang Capital Ltd, supporting the sale of an 80% stake of the 26.1 MW Ventus portfolio of wind projects, the company said in its press release.
Ventus is the UK’s largest portfolio of feed-in-tariff wind turbines, comprising 53 operational projects located across the UK. The portfolio was acquired by Malaysian power utility Tenaga Nasional Berhad (TNB). This is TNB’s second acquisition in the UK, which brings its renewables portfolio to a total capacity of approximately 280 MW.
DNV GL conducted a technical analysis and Vendor’s Due Diligence of the entire Ventus portfolio and successfully supported the process which culminated in the GBP 171 million investment from TNB.
DNV GL’s wind experts developed tailored new tools to carry out individual operational energy production assessments for each of the 53 sites within the tight timescales imposed by the transaction, providing a forecast of the portfolio’s production over the next 20 years.