Category

Project Management

Assisting Vineyard Wind in developing its winning Park City Wind proposal

By Bid Management, Early Stage Project Development, Project Assessment, Project Management

Treetop Partners assisted Vineyard Wind in developing its winning proposal for the Park City Wind project in Connecticut’s 2019 Offshore Wind solicitation.

Vineyard Wind is developing the US’ first large scale offshore wind farm – an 804 MW project located south of Martha’s Vineyard and the 804 MW Park City Wind project will add another significant offshore wind project to Vineyard Wind’s development pipeline.

Treetop Partners supported Vineyard Wind with resources for proposal management and was also involved in development of the bid strategy together with the ‘jobs and economic development impact’ component of the proposal that will bring Bridgeport online as a new staging facility for offshore wind on the US east coast and establish the US’ first Tier-1 offshore wind supplier.

Vineyard Wind is a joint venture between Avangrid Renewables and funds managed by Copenhagen Infrastructure Partners.

For further information about our capabilities in bid management please contact Co-founder & Partner Lars Henrik Juel

Treetop Partners assists Stiesdal Offshore Technologies A/S

By Floating Offshore Wind, Project Management, Transaction Management & Due Diligence

innogy, Shell Ventures and Stiesdal Offshore Technologies A/S (SOT) signed today a cooperation and investment agreement committing the partners to build a demonstration project using SOT’s ‘TetraSpar’ floating foundation concept. The TetraSpar floating foundation concept offers important competitive advantages over existing floating wind concepts, with the potential for leaner manufacturing, assembly and installation processes and lower material costs. The three partners will set up a company with a 33% share each for innogy and Shell Ventures, with the rest held by SOT and its parent company. SGRE is contributing to the project as a technology partner and will provide the wind turbine and required services. The project has a budget of approximately €18 million and is expected to be built in 2019.

Treetop Partners were mandated in late 2017 by Stiesdal Offshore Technologies A/S to assist in securing development equity for demonstration project. Besides the equity transaction, Treetop Partners have assisted in the commercial aspects of project development of the TetraSpar demonstration project, incl. with respect to project management and procurement, and will continue support the project until COD. After COD, Treetop Partners is expected to perform certain asset management services.

Treetop Partners assisted CIP with partnership for floating offshore wind

By Early Stage Project Development, Floating Offshore Wind, Project Management, Transaction Management & Due Diligence

In April 2018, Magellan Wind and CIP, on behalf of the fund Copenhagen Infrastructure III K/S (CI III), have entered into a partnership regarding the development of floating offshore wind projects off the California coast.

Treetop Partners assisted CIP with the Transaction, which included negotiating the partnership agreements and managing the overall transaction.