UK Offshore Wind Consultancy, Project Management Company Join Forces on Global Plan

Business & Finance

June 17, 2024, by Adrijana Buljan

UK-headquartered Offshore Wind Consultants (OWC) and renewable energy project management company Bridge Wind Management have entered into a strategic alliance that will see the two partners providing a one-stop-shop solution for asset and operational management for offshore wind projects.

OWC and Bridge said their aim was to enable more informed decision-making for offshore wind investors by combining Bridge’s expertise in managing the financial and commercial aspects with OWC’s insight into the technical aspects that impact a renewable asset across its operating lifecycle.

The strategic partnership will also allow Bridge to leverage OWC’s global footprint to expand its offering into new markets, notably in Asia Pacific, Southern Europe and the US, according to a press release from the two new partners.

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“We see this collaboration with OWC as an opportunity to leverage our respective areas of expertise and client bases, to maximise value from the offshore wind sector for our clients, thereby making this an even more attractive industry to invest in. OWC’s extensive range of technical services alongside our experience of managing investments in the sector, is a powerful combination which will support investors in the highly complex area of offshore wind financing and as the industry becomes established in more global markets,” said Steve Read, CEO of Bridge Wind Management.

OWC also said that its experience supporting more than 50 floating wind projects would also create opportunities as the investment landscape into floating technology matured.

“We have been collaborating with Bridge to drive maximum value out of offshore wind and other offshore renewable technologies. As offshore wind reaches a new level of maturity, we wish to provide even more comprehensive support to the investment landscape together with Bridge’s specialist financial and commercial expertise,” said John MacAskill, Global Managing Director for Renewables, ABL Group, OWC’s parent company.