Due Diligence for the London Array Windfarm

Abu Dhabi’s renewable investment company Masdar was considering purchasing a stake in the London Array offshore wind project in the UK (670 - 1,000 MW) that was in the pre-construction phase of development. SgurrEnergy and IPA proved due diligence and an assessment of the key risks at the current stage of project development.

IPA provided Financial Due Diligence and advice on the UK market for variable renewable energy. SgurrEnergy provided a review of the current project programme including licensing, permitting and key equipment supply.

Our client’s bid was successful and Masdar has recently announced a partnership with German power company E.ON to develop the London Array. The joint press release by Masdar and E.ON is available online.