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Published: 26 January 2022 26 January 2022
Natural Power has acquired 25.5% of the shares in NPP Renewables. NPP Renewables is based in Vejle, Denmark, with further offices in Denmark, the US and Taiwan, and operates out of two main subsidiaries respectively: New Power Partners, a renewables consultancy with a particular focus on offshore wind; and Site Solution Partners, a site logistics and accommodation provider for onshore and offshore projects.
 
Bonheur ASA has co-invested alongside Natural Power, having also acquired 25.5% of the shares in NPP Renewables. NPP Renewables’ founding directors will maintain a combined 49% stake in the business, whilst NPP Renewables will retain its corporate identity and continue to operate as an independent company. The company was founded in 2015 by Thomas Gellert and Tonni Bager, with Peter Forsberg joining in 2016, and all three remaining as company directors. The company has grown to more than 65 employees and close to DKK 100m in revenue.
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