Ex-Ørsted Hornsea 1 chief Hamish Yates has founded at independent renewables asset management business.
Yates, also a board member of Ørsted’s UK&I businesses as well as Hornsea 1 chief, has departed the renewables developer to become CEO of Neptune Infrastructure Associates.
Hamish leaves Ørsted this September, following four years at the company, during which he delivered and managed over 3.2GW of renewable energy assets in the UK, including Hornsea 1 and Hornsea 2 offshore wind farms.
His expertise spans senior positions across the value chain in renewables infrastructure, including technical, operational and commercial roles covering the UK, EU, US and the Asia Pacific.
Neptune Infrastructure Associates will support organisations in delivering an accelerated, value-creating energy transition by providing bespoke asset management, transaction advisory and management consultancy services to the renewables sector globally.
Yates said: “Climate change and biodiversity loss pose two of the greatest threats to civilisation in our time.
“It is vital that the world continues to invest in delivering the energy transition despite economic uncertainty, supply-chain bottlenecks and shortages in skills and talent.
“NIA’s mission is to help investors, asset owners, utilities, governments and supply-chain businesses to realise the returns required to deliver the energy transition.
“We will provide the industry knowledge and expertise to help guide organisations through the challenges they face in delivering returns from their projects, becoming the trusted partner of choice for investors in the renewable infrastructure space.”