Youwind Renewables, a provider of web-based solutions for accelerating offshore wind development, and Westwood Global Energy Group (Westwood), a specialist energy market intelligence and consultancy firm, are announcing a data integration agreement between the two companies.
The recent challenges faced by the offshore wind industry have reinforced the need to use data, insight and technology to make better technical and commercial decisions. This is particularly critical at the early stage of project development, meaning developers, consultancies and financial institutions need advanced, holistic modelling with high quality and reliable data. Building project scenarios quickly, with higher accuracy, can be critical to success.
The agreement sees Westwood, through a seamless integration, provide proprietary data from its WindLogix platform that can be used directly in the Youwind engineering and financial modeling platform through the cutting-edge applications Pixel+ and OptiWindow. Youwind users will have instant access to a superior and timely global dataset on leases, projects, key components and vessels, which can be benchmarked and used as modelling inputs. This provides a stronger foundation from which to analyze scenarios with greater reliability and insight than ever before, enabling more informed decision-making and optimized project planning in the rapidly evolving offshore wind industry.
Anna Rivera, CEO and Co-Founder, Youwind said: “Our partnership with Westwood represents an innovation milestone for the offshore wind industry. By integrating Westwood’s unparalleled market intelligence to Youwind’s unique calculation platform, merging advanced engineering and financial modelling, our clients can now increase the certainty of their estimates from the very beginning of their projects. This collaboration offers a powerful, complete solution, ensuring more confident and data-driven decision-making.”
David Linden, Executive Director and Head of Energy Transition, Westwood added: “This agreement comes at a time when the industry needs to make better decisions early on. At Westwood we are proud to provide the data and insight our clients need to answer their critical questions in an evolving market. By combining our expertise with those of Youwind, we are looking to help clients better focus their activities and manage their portfolios, while saving time and lowering costs.”
Westwood’s comprehensive WindLogix solution tracks and forecasts offshore wind growth using a bottom-up approach—providing a detailed view of projects, commercial trends and the supply chain in real-time. Youwind’s holistic web-based platform, including Pixel+ and OptiWindow, combines advanced engineering and financial modelling to calculate multiple scenarios in order to optimize both technical feasibility and profitability of offshore wind projects globally.
An announcement will be made during WindEnergy Hamburg, where David Linden is presenting ‘A Review of Offshore Wind in the USA’ at the Offshore Stage on Tuesday September 24, at 14.00.
