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29 April 2021 4 min read

Baringa Partners congratulate Ørsted on partnership in world's second largest windfarm

Phil Grant

Phil Grant
Partner | Energy, utilities and resources | London

Simon Tywuschik

Simon Tywuschik
Director | Energy, utilities and resources | Düsseldorf

Baringa Partners are delighted to see that Ørsted has entered into an agreement regarding the sale of a 50% stake in the Borssele 1 & 2 offshore wind farm to the Norges Bank Investment Management fund, one of world's largest institutional investors. The transaction is subject to regulatory approval.   

Borssele 1 & 2 constitute the largest operational offshore wind farm in the Netherlands - and the second-largest operational offshore wind farm in the world - with an installed capacity of 752 MW. It is located 23 km off the coast of the Dutch region of Zeeland at water depths ranging from 14 m to 36 m, and generates enough power to annually cover one million households with green energy in the Netherlands.

Supporting our client Ørsted in the realisation of this disinvestment through our work as Sell Side Market Advisers is a proud achievement for Baringa. We also extend our congratulations to Norges Bank Investment Management on this transaction.

Baringa’s role on supporting the sale has included:

  • the provision of continous market advice
  • price projections for the Dutch power market, and
  • and the creation of a comprehensive, industry leading sell-side market report. 

Simon Tywuschik, Leading Continental Europe Power Market expert – Energy & Resources at Baringa Partners said “We are very proud to have assisted Ørsted, the market leader in offshore wind, in the successful partial divestment of Brossele Offshore wind park, and congratulate Norges Bank Investment Management on this transaction. The continental power markets such as the Netherlands, Germany or Poland remain an attractive destination for offshore wind investments and the continued growth in offshore wind capacity will play an important role in facilitating the decarbonisation of these economies.

At Baringa Partners, we are deeply committed to these markets with a mix of local market experts, our pan-European electricity market modelling capability, and our commercial insights helping asset owner and route-to-market operators to optimise their returns".

For more information on Baringa's work in this area, please contact:

Mark Turner, Energy Markets & Analysis Team, Energy & Resources sector.

E-mail: Mark.Turner@baringa.com

Simon Tywuschik, Generation & Trading Team, Energy & Resources sector.

E-mail: Simon.Tywuschik@baringa.com

 

About Ørsted  

Ørsted is the world’s largest offshore wind player having constructed 27 offshore wind farms with current gross installed capacity of 7.6 GW, representing close to 30% of the world’s operational offshore wind installed capacity. In addition, another 2.3 GW is currently under construction leading to a total capacity of 9.9 GW by 2022 and a further 16 GW pipeline secured by 2030. Ørsted develops, constructs, owns and operates offshore wind projects in Denmark, UK, Germany, Netherlands, Poland, US, Taiwan, Korea and Japan. 

About Baringa Partners

Baringa Partners is an independent business and technology consultancy. We help businesses run more effectively, navigate industry shifts and reach new markets. We use our industry insights, ideas and pragmatism to help each client improve their business. Collaboration is central to our strategy and culture ensuring we attract the brightest and the best. And it's why clients love working with us.

Baringa launched in 2000 and now has over 700 members of staff and more than 65 partners across our practice areas Energy and Resources, Financial Services, Products and Services, and Government and Public Sector. These practices are supported by cross-sector teams focused on Customer & Digital; Finance, Risk & Compliance; People Excellence; Supply Chain & Procurement; Data, Analytics & AI; Intelligent Automation & Operations Excellence; and Technology Transformation. We operate globally and have offices in the UK, Europe, Australia, US and Asia.

Baringa Partners have been voted as the leading management consulting firm in the Financial Times' UK Leading Management Consultants 2021 in the categories Energy, Utilities & the Environment, and Oil & Gas. We have been in the Top 10 for the last 13 years in the small, medium, as well as large category in the UK Best Workplaces™ list by Great Place to Work®. We are a Top 50 for Women employer, and are recognised by Best Employers for Race.

Baringa. Brighter Together.