Finance News

NIA to Support Nuveen’s Northern European Offshore Wind Portfolio

Asset management and commercial advisory specialists Neptune Infrastructure Associates (NIA) and globally diversified investment platform Nuveen Infrastructure have entered an agreement for NIA to undertake day-to-day asset management services and strategic support across Nuveen’s northern European offshore wind portfolio.

NIA will be tasked with delivering a suite of optimization 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.

Hamish Yates, Founder & CEO, Neptune Infrastructure Associates, said: “It is with great pleasure and excitement that we are announcing this substantial broadening of our existing relationship with Nuveen Infrastructure. We look forward to working collaboratively with their highly skilled team to extract maximum value and efficiency across their projects.

“Our job is to help investors decode and navigate complex issues, delivering clarity and maximizing 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 organizations deliver an accelerated, value-creating energy transition, and to help drive the global shift to renewable energy.”

Jordi Francesch, Global Head of Asset Management, Nuveen Infrastructure, commented: “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.”

The contract, commencing December 2024, represents an extension to an existing and highly productive collaboration between the two entities, as well as a considerable milestone in NIA’s ongoing growth and success in the sector.

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 surging demand for its services.

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