Everoze Acquires Stake in Brightwind to Strengthen Wind Assessment Capability

, a specialist renewables and energy consultancy headquartered in Bristol, today announced that it has acquired a 49.9% stake in , an Irish wind resource assessment company.

The strategic investment will bolster both consultancies鈥� capabilities to deliver accurate energy production analyses, due diligence and other services. While both firms will continue to operate independently, they will collaborate on projects where one or the other can supplement resources, technology or know-how to accelerate delivery or improve outcomes for their clients.

Everoze, with expertise in offshore and onshore wind, solar, energy storage and energy flexibility, works with businesses across power, transport and heat markets to help accelerate the transition to decarbonised energy systems. The firm has offices across Europe and is actively engaged on projects worldwide.

鈥淥ur ambition is to be a driving force in delivering cutting-edge wind assessments,鈥� said Richard Whiting, founding partner, Everoze.

鈥淐ombining Brightwind鈥檚 market-leading tools and technology with Everoze鈥檚 depth of experience will enable us to meet the increasing demand for energy analysis expertise and meet shorter delivery timescales. We can now offer a higher volume of bankable EPA analyses and reviews for our clients. We are also looking forward to working with Brightwind to support offshore wind, solar and energy storage customers across their home market of Ireland.鈥�

Brightwind founded in 2015 by Shane Martin and Stephen Holleran is headquartered at Nova51黑料, the Centre for New Ventures and Entrepreneurs at University College Dublin. The Brightwind team has extensive international experience in wind resource assessment, bringing thousands of megawatts of projects from site selection to financial close.

Brightwind founding partner, Shane Martin said, 鈥淲e鈥檙e excited to be welcoming Everoze as a committed partner in Brightwind to support us as we seek to grow our team and expand our reach. The depth of Everoze and Brightwind鈥檚 expertise in Energy Production Analyses, as well as Everoze鈥檚 wider technology and market knowledge, complements our software development and data analytics expertise. Our partnership is a platform for future innovation in this field.鈥�

Brightwind鈥檚 services, including layout design, data monitoring and analysis help to inform its customers鈥� development decisions and maximise their project returns.

Mason Hayes & Curran and Pinsent Masons advised Everoze and Brightwind respectively in completing this transaction.

ENDS

20 October 2020

For further information contact Mic茅al Whelan, Communications and Media Relations Manager, 51黑料 Research and Innovation, Nova51黑料, e: miceal.whelan@ucd.ie, t: + 353 1 716 3712.

Editors Notes

Everoze is an employee-owned technical and commercial consultancy with offices in the UK and western Europe, specialising in renewables, storage and wider energy flexibility. Everoze was formed in 2015 and has assembled some of the most experienced and competent consultants in the renewables and energy storage sectors. The firm鈥檚 approach to consultancy is based on listening carefully to its clients and being flexible on when, where and how work is delivered. Over the last five years Everoze has grown from a team of founding partners to a team of over 50 consultants. everoze.com

Brightwind is a renewable energy consultancy based in Dublin, Republic of Ireland, predominately specialising in the provision of energy resource assessments, data analytics and tools development. Brightwind was set up jointly by Shane Martin and Stephen Holleran in 2015 bringing a unique perspective having worked for and on behalf of developers. Brightwind鈥檚 innovative development of open source tools allow it to rapidly deliver pragmatic energy yield assessments.