Leading renewable energy consultancy, SgurrEnergy, supported the acquisition of a stake in the 336MW Galloper offshore wind farm in the UK. The Wood Group business provided independent technical advisory services to Sumitomo Corporation.
Sumitomo Corporation, a trading and investment company, indirectly takes 12.5% share of the project – a deal which closes in August.
The technical advisory services provided by SgurrEnergy included an assessment of the project’s permitting situation, contracting status and structure, construction timescales, capital and operating cost estimates and energy yield base case.
Chris Houston, project manager at SgurrEnergy, said: “Providing technical due diligence services on this transaction and working closely with Sumitomo Corporation on the technical and commercial aspects of this important assignment has been a great experience.
“We were able to utilise our strong track record in the offshore wind sector to provide the client with robust advice in an efficient manner and look forward to working with them again on future projects.”
Galloper offshore wind farm is located off the south-east coast of England, within the Thames estuary. Offshore construction will commence with cable laying operations this month (August 2016).
The project will consist of 56 Siemens SWT-6.0-154 wind turbines and is expected to become operational in early 2018.
SgurrEnergy is a leading renewable energy consultancy, providing engineering and technical advisory services in onshore and offshore wind, solar, wave and tidal and hydro projects.
Founded 14 years ago by technical director Ian Irvine and implementation director Steve McDonald, the company has been involved in more than 160GW of renewable energy projects in over 90 countries around the world.
Headquartered in Glasgow, Scotland, SgurrEnergy has over 300 staff in international offices in China (Beijing), Canada (Vancouver, Toronto and Montreal), India (Pune), France (Paris), Ireland (Dublin), the US (Portland, Austin and San Francisco), Brazil (Rio de Janeiro), Chile (Santiago), Mexico (Mexico City), Norway (Stavanger), Germany (Hamburg) and South Africa (Johannesburg). www.sgurrenergy.com
SgurrEnergy is a subsidiary business of Wood Group.
Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group provides a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide. Visit Wood Group at www.woodgroup.com and connect with us on LinkedIn and Twitter.
