Lynn & Inner Dowsing
Originally published in April 2016 and updated in August 2018
Everoze was delighted to support GIB and Blackrock on the acquisition of the 220MW GLID portfolio, featuring the Lynn and Inner Dowsing offshore wind project. This £423M transaction was the first of a kind – leading to the 100% ownership of a utility-scale offshore wind project by non-utility players. We applied our Due Diligence on Demand approach, delivering a fresh take on asset risk. We examined opportunities as carefully as risks as part of our ongoing efforts to move Technical Due Diligence beyond a box-ticking exercise.
After the acquisition, Everoze provided transitional support and two years later, the project continues to successfully operate with a new set of contractual arrangements in place.