According to the International Energy Agency, offshore wind is set for robust growth in the EU. For Credit Suisse Energy Infrastructure Partners, we conducted a comprehensive technical due diligence for the acquisition of a 25% stake in the Arkona offshore wind farm - at the time the largest offshore wind farm in the Baltic Sea. It supplies around 450,000 German households with renewable energy.

The technical due diligence for offshore wind farms is a multidisciplinary challenge that requires in-depth expertise. Our integrated team of experts included a combination of wind energy specialists, naval architects, electrical and health and safety engineers as well as meteorologists and oceanographers working hand in hand with economists, tax advisors and lawyers from our offices in Berlin, Amsterdam, London and Edinburgh.

We supported our client throughout the entire transaction process right through to successful completion.

Evaluating risks with multidisciplinary support

We conducted a thorough potential risk assessment of the offshore wind farm including the technical and financial implications, while recommending suitable solutions to minimise risk. In addition to the structural and technical installations, we also assessed the approval, grid connection, environmental and safety requirements and the current return on investment plans. 

Backing solid investment decisions

Our multidisciplinary team of experts carried out an extensive Operating Expenses (OpEx) benchmarking comparing the offshore wind farm operator's business plan with comparable assets. This enabled our team to expand the cost planning for operation and maintenance, including the cost planning for the replacement of the main turbine components. 

Our detailed due diligence has enabled our client to lock in value thorough this stake acquisition, while providing a detailed overview of the technical equipment that can be used as a base for future improvements in the wind farm’s O&M operations.