10 Dec 2024
NIA’s asset management services will extend across Nuveen’s entire northern European offshore wind portfolio, worth in excess of €2bn. Deal represents a substantial expansion of existing commercial partnership.
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 optimisation 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 maximising 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 organisations 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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About Neptune Infrastructure Associates:
Neptune Infrastructure Associates (NIA) is a leading renewable energy advisory business specialising in asset management, commercial advisory, and strategic consulting services. NIA provides innovative solutions to support the growth and optimisation of renewable energy projects worldwide.
For more information visit: neptune-infra.com
About Nuveen Infrastructure:
Nuveen manages $30bn+ in AUM across its global infrastructure platform. We have a 30-year history of investing in infrastructure and are grounded by a long-term investment philosophy with sustainability at its core. Today Nuveen employs over 125 people in its infrastructure business and invests across a range of infrastructure sectors. The infrastructure platform builds on the scale, expertise, and extensive history of our $170 bn+ real assets business and offers a diverse set of investment vehicles across both equity and credit.
For more information visit: Nuveen.com/infrastructure