The Renewables Consulting Group (RCG), an ERM Group company, served as sole technical advisor to Swiss Life Asset Managers in its recent acquisition of a minority interest stake in the fully operational 731.5 MW Borssele III & IV offshore wind farms, located 55 kilometres from the Port of Vlissingen in the Netherlands.
The full-scope technical due diligence support included a thorough and detailed analysis of the technical aspects of the project to identify and advise on any technical risks from an investment perspective. Core areas of focus included the project’s operational performance, operations and maintenance strategy, contractual arrangements including warranties and division of responsibilities, long term energy yield estimations and full operational lifetime OpEx build-up. The project, comprised of 77 Vestas turbines, was successful in a tender held in late 2016 and is backed by the Dutch offshore feed-in tariff for the first 15 years of operation. The wind farm began operations in 2021 and is designed to generate 3,000 GWh of energy annually.