Offshore Windfarm Gode Wind 1
Final Taking-Over at Gode Wind 1
The construction phase of the offshore wind farm project "Gode Wind 1" has been successfully completed.
ONP congratulates all project participants on the recent completion of the construction works and the Final Taking Over on 03.02.2017. With a capacity of 355 MW, the wind farm developed by the Danish utility DONG will be among the largest in the German North Sea. The offshore windfarm is equipped with modern 6 MW Siemens wind turbines, type SWP-6.0-150.
The "Final Taking Over Date" has occurred on February 3rd, 2017.
In the early phase of the project end of 2015 ONP Management GmbH has been mandated by a group of institutional investors led by Talanx Asset Management GmbH as the Lenders Technical Advisor (LTA).
After the successful Taking-Over ONP will continue to independently advise the lenders' group on all technical matters during the operation of the offshore wind farm over a period of about ten years. Our team is strongly focused on the relevant technical, commercial, environmental and operational aspects of the project.
ONP MANDATED AS LENDERS TECHNICAL ADVISOR
For the first time Talanx is financing an offshore wind farm with a structured bond
Hamburg. ONP Management GmbH was appointed Lenders Technical Advisor for Talanx Asset Management GmbH, acting as the leader of a group of institutional investors. Talanx has co-ordinated the project financing for the construction and operation of the offshore wind farm Gode Wind 1 winning the "Europe Renewables Deal of the Year 2015" award as a result. The prize for the best financing transaction in renewable energies is awarded annually by trade magazine Project Finance International (PFI).
By co-ordinating a structured bond of EUR 556 million to finance Global Infrastructure Partners’ fifty percent acquisition of DONG Energy’s Gode Wind 1 offshore wind farm, Talanx acquired a new role on the market. This is the first time that a group of institutional investors under the leadership of an insurer has financed an offshore wind power project. The bond has a maturity of 10 years. For the first time an institutional consortium led by an insurer is financing an offshore wind energy project.
The institutional consortium consists of the following 5 main partners:
- Talanx Asset Management GmbH
- SIGNAL IDUNA Asset Management GmbH
- Versicherungskammer Bayern
- Gothaer Krankenversicherung AG
- Metzler Investment GmbH
ONP is member of the Zech Group, with its headquarters in Hamburg. The company was founded in 2014 and is delivering technical advisory and consulting services for Offshore Wind projects. ONP has more than 35 employees, who have been involved throughout their professional career in the development and installation of more than 4.500 MW of offshore wind power. Its senior experts have more than 12 years of individual practical experience in the area of project development and realization of such projects.
Please refer to the Talanx letter of reference