5 October 2021

AMSCAP advises EDF Renewables in German offshore wind tender

Amsterdam Capital Partners advises EDF Renewables on its successful participation in 2021 German offshore wind tender

Amsterdam Capital Partners B.V. (AMSCAP) is pleased to announce that it advised EDF Renewables in respect of its successful zero-subsidy bid award in the 2021 offshore wind tender in Germany.

Germany’s Federal Network Agency announced on 9 September 2021 that EDF Renewables was the successful bidder for the N-3.8 seabed area in the North Sea, with a capacity of 433 MW. EDF Renewables appointed AMSCAP as its financial advisor in the context of preparing and submitting this successful zero-subsidy bid.

The AMSCAP team advising EDF Renewables was led by Jan-Peter Elffers and Michael van der Heijden.

Jan-Peter Elffers, Managing Director of AMSCAP, stated, “Working closely with the EDF Renewables’ team, AMSCAP delivered a custom-built financial model for this tender that was used to ensure a solid business case. Furthermore, our close involvement in the offtake and debt workstreams allowed us to further underpin some of the crucial assumptions of the bid”.

Michael van der Heijden added “We are very pleased to have contributed the team’s early-stage development and structuring expertise, and with that successfully delivering a zero-subsidy bid for one of the industry’s leading players. This accomplishment further demonstrates AMSCAP’s continuous success as a leading financial advisor in the offshore wind sector.”

More details can be found in the press release attached.

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