DNV has acted as technical advisor to Galp on the acquisition of a 351MW portfolio of 17 operational onshore wind farms in Spain from Helia Funds.
The transaction required technical assessment across 17 sites under different contractual and regulatory frameworks, DNV said.
DNV carried out site inspections, operational performance reviews and energy yield assessments within a compressed timeline, it added.
The scope also included turbine technology evaluations, remaining useful lifetime analyses and permitting checks.
The work covered an evaluation of each asset’s repowering potential as Spain’s wind fleet ages.
Galp is a Portugal-based integrated energy company operating across oil, natural gas and renewable power generation and marketing.
“Evaluating 17 individual wind farms across different technical and contractual regimes within a tight deadline demands both breadth and precision,” said Brice Le Gallo, vice president and regional director for energy systems in Southern Europe, Middle East, Africa and Latin America at DNV (pictured).
“The complexity is real, and that’s precisely where rigorous due diligence determines whether an acquisition creates or destroys value.”