News Release from DNV


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Garrad Hassan advise on $2.15 billion wind portfolio purchase

Garrad Hassan was contracted by Energias de Portugal (EDP) to act as the technical advisor for wind energy projects and engineering on the Horizon Portfolio, which EDP has agreed to buy from Goldman Sachs in a deal valued at $2.15 billion.

The Garrad Hassan team was led by the country manager of GH Germany, Dr. Helmut Klug, with support from GH America and building on the long working relationship between GH Spain and EDP for projects in Portugal and Spain. In an intensive and complex process staying in permanent contact with EDP's legal, financial, energy outlook and environmental advisors, GH successfully reviewed a portfolio and pipeline of more than 10,000 MW of wind power. Andrew Garrad, Managing Director of Garrad Hassan said "This deal is a milestone for two reasons: its sheer size and the major entrance of a European player into the US market. GH is delighted to have been able to assist EDP in this momentous transaction!". Nuno Alves, CFO of EDP said "GH enabled us to evaluate thoroughly this business and had a key role in the success of this transaction".

Garrad Hassan and Partners Limited provide independent expert advice on wind energy. With over 200 staff in 15 countries, we are the leading independent authority.

Our clients are all the major wind turbine manufacturers and developers, banks and lenders.

We have acted as Bank's or Owner's Engineer for 15,000 MW of operating wind farms, and have carried out energy resource assessment of over 50,000MW. GH provide wind farm design and development services, and wind turbine design, analysis and certification support. We also supply leading software: GH Bladed, GH WindFarmer, GH SCADA and GH Forecaster.
Garrad Hassan and Partners Limited
Mechthild Himmelreich

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