Neptune Infrastructure Associates (NIA) and Nuveen Infrastructure have announced an agreement for NIA to provide day-to-day asset management across Nuveen’s offshore wind portfolio in Northern Europe.
This contract covers assets worth in excess of €2bn and amounting to 2.2GW of renewable energy generation capacity.
As part of the arrangement, NIA will now be responsible for optimising Nuveen’s portfolio from maligning risk and cashflow to analysing project performing and delivering enhancements.
NIA will be tasked with delivering a suite of optimisation and management services to Nuveen’s team, including stakeholder management, identification and delivery of value enhancements, risk management, internal and external reporting, analysis of project level information, and cashflow management.
Founder and chief executive officer of NIA Hamish Yates said: “Our job is to help investors decode and navigate complex issues, delivering clarity and maximising returns through specialist insights and expertise.
“We are absolutely delighted to be applying this ethos across Nuveen’s offshore wind portfolio as part of our wider mission to help organisations deliver an accelerated, value-creating energy transition, and to help drive the global shift to renewable energy.”
Global head of asset management at Nuveen Infrastructure Jordi Francesch said: “We are very pleased to be moving forward in our relationship with NIA.
“Our goal is to always ensure our offshore wind assets are operating at the highest levels of efficiency and extracting maximum value.
“We welcome NIA’s specialist support as an added layer of expertise and look forward to continuing this valuable partnership into the future.”
Shortlisted for the Technical Advisory of the Year Award at the 2024 Offshore Wind Investment Awards, NIA has announced its intention to secure multiple senior hires over the course of 2025 to meet demand for its services.