The strategic expansion reinforces ABL Group’s commitment to supporting Poland’s marine and energy sectors, as well as enhancing local capacity to support the wider Baltic Sea region.

This in-country expansion builds on ABL Group’s established presence in Warsaw through its renewable energy consultancy arm, OWC. It also adds to the group’s regional operations in Denmark and Hamburg, Germany.

The new office in Gdańsk will act as a hub for delivering a wide range of expert services spanning marine, energy, engineering and software. It will offer a platform in particular, for the group’s offering in advisory services, ports and harbours consulting, design and engineering, marine assurance and risk, marine warranty survey and asset integrity management.  

Poland is poised to become a major player in offshore wind, with ambitious targets and a growing pipeline of projects. ABL Group, via its energy and marine consultancy ABL and renewable energy consultancy OWC, has been actively involved in Poland and the wider Baltic Sea’s offshore mid-stream and renewable energy development, providing technical and advisory services to developers and investors.

The new office address is: Gdański Inkubator Przedsiębiorczości STARTER (lokal nr 4.25.1), ul. Lęborska 3b, 80-386 Gdańsk, Poland.

ABL Group in Poland

ABL Group has an established presence in the Polish market, via its renewable energy consultancy, OWC, which is present in Warsaw, as well as in the Baltic Sea via our office in Hamburg, Germany. Here is a selection of recent news relating to ABL Group in the Baltic Sea:

• ABL drafted to support Baltica 2 Offshore Wind Farm in Poland. Read more here.
• ABL to assess navigational risk for Finland’s first open-sea offshore wind farm. Read more here.
• OWC Poland featured in the 2024 Global Offshore Wind Report. Read more here.

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“This partnership brings together a joint commitment to accelerating the energy transition through innovation, collaboration and impactful engagement.”

Kim Stephen, Regional Director for the EIC in the UK

Through this partnership, ABL Group will play a key role in the EIC UK’s event series for 2025, bringing its energy, marine, engineering and advisory expertise to discussions on safety, sustainability, and technology across renewables, maritime, and oil & gas.

Our participation will include event collaborations, principal partnership to the EIC’s North Sea Decarbonisation Conference, and support for the EIC’s annual National Awards Dinner in London.

As well as collaboration on the North Sea Decarbonisation Conference, 23-24 April, as part of the partnership, the Group will co-host and curate with the EIC an exclusive technical event in the UK, focussed on sustainable development in marine and offshore energy segments. Stay tuned for more details to follow!

“Our commitment to the development of key energy transition technologies across energy and oceans lies at the very heart of ABL Group’s purpose. We look forward to contributing to discussions on the next steps needed in marine and energy markets, to help achieve global climate goals.”

RV Ahilan, Chief Energy Transition Officer, ABL Group

ABL Group companies – ABL, AGR, OWC and Longitude – each contribute multidisciplined expertise in renewables, maritime and oil & gas sectors, to provide proven capabilities in the following key decarbonisation areas:

• Renewable energy
• Electrification
• Hydrogen and power to x
• Battery energy storage systems (BESS)
• Emissions’ consulting
• Clean shipping
• Carbon capture, utilisation and storage (CCUS) and geothermal
• Climate change risk assessment and adaptation

Discover ABL Group’s expertise and track-record in energy transition:

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Reference is made to the stock exchange announcement dated 26 June 2023 regarding ABL Group ASA subsidiary OWC’s planned acquisition of Denmark-based offshore wind consultancy Delta Wind Partner ApS (DWP). The acquisition has today been successfully completed.

DWP is a specialist solutions provider for wind turbine generators (WTG).

The acquisition expands OWC’s technical offering in wind turbines and in consultancy at the installation and O&M phases of an offshore wind project. It also provides an opportunity to further grow DWP’s unique approach to WTG optimisation both globally and in the floating offshore wind market. DWP has a track-record of supporting both bottom-fixed and floating wind projects.

The addition of DWP also gives OWC and ABL Group a local presence in the Danish market, increasing the opportunity to support Denmark in delivering its renewable energy targets. Similarly, the acquisition provides DWP an opportunity to expand its expertise internationally across OWC’s office network spanning 14 countries in the world’s key offshore wind regions. 

OWC has acquired 100 percent of the shares in Delta Wind Partners for a total closing consideration of approximately DKK 11.4 million (USD 1.7 million). The consideration is settled as follows:

• Issuance of 413,838 ordinary ABL Group shares (the “Consideration Shares”) at a subscription price of NOK 15.29 per ABL Group share, based on the 20-day value weighted average share price on 26 June 2023.
• DKK 7.4 million (USD 1.1 million) settled in cash on completion (the “Cash Consideration”).

The Consideration Shares are subject to a lock-up agreement and certain restrictions for 3-5 years, and will be issued pursuant to authorisation granted to the Board of Directors by ABL Group ASA’s Annual General Meeting on 31 May 2023. Subsequent to the transaction, ABL Group ASA’s share capital will be NOK 12,335,036.70 divided on 123,350,367 shares each with a par value of NOK 0.10.

OWC is a specialist global consultancy that helps develop and deliver projects and investments in offshore and onshore wind, solar PV, battery energy storage, hydrogen, and wave & tidal energy.  The company specialises in project development services, owner’s engineering and technical due diligence. OWC also includes geo-consulting specialists East Point Geo, and the French marine renewable energies specialists Innosea.

Visit the Delta Wind Partners (DWP) website:

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He is a generalist Project Manager with a mechanical engineering background and over 10 years of project management experience in the energy infrastructure sector.  He is accustomed to the specificities of multiple energy markets, having worked on major projects in Asia, Europe, the Middle East, and the Americas. His key experiences include the management of fast-track energy projects at tender or auction stage, during development and execution, early definition of project financing requirements and negotiation of complex partnership agreements with industry leaders.

His cross-industry experiences working for an EPCI contractor, project developer and vessel owner provide him with the necessary versatility to efficiently interact with all stakeholders along the project lifecycle, while benefiting from cross-industry insights.

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The acquisition expands OWC’s technical offering in wind turbines and in consultancy at the installation and operational phases of an offshore wind project. It also provides an opportunity to further grow DWP’s unique approach to WTG optimisation both globally and in the floating offshore wind market.  

“With Delta Wind Partners we are broadening our expertise and experience so we can provide the most comprehensive technical offering to support the acceleration of the offshore wind industry. It gives us a presence in an important offshore wind market, at the heart of where the wind energy sector was born. DWP’s impressive expertise in WTG technology at the latter phases of an offshore wind project’s lifecycle perfectly complements OWC’s experience at the development phase, something that combined will add great value to our clients. As we also have a track-record of working together, this acquisition is not only a clear technical fit, but also a perfect cultural fit.”

William Cleverly, CEO of OWC

ABOUT DELTA WIND PARTNERS (DWP)

DWP was established by a team of engineers specialising in wind turbine construction and operation. The consultancy provides technical solutions to support clients in getting the most out of their WTGs throughout the lifecycle of an offshore wind farm. The company has a track-record of supporting both bottom-fixed and floating wind projects.

Based in Silkeborg, Denmark, DWP has worked on projects locally and abroad in the UK, Ireland, Japan and South Korea.

In the last 12 months as of April 2023, the company delivered revenue of approximately DKK 15.6 million (USD 2.3 million), and EBIT of approximately DKK 2.7 million (USD 0.4 million).  

COMPLEMENTARY EXPERTISE

The acquisition expands OWC’s offering to clients at installation and O&M phases and offers opportunity to apply lessons learnt from latter project phases into feasibility and development, adding value to OWC, clients and the industry at large.

The addition of DWP also gives OWC and ABL Group a local presence in the Danish market, increasing the opportunity to support Denmark in delivering its renewable energy targets.

Similarly, the acquisition provides DWP an opportunity to expand its expertise internationally across OWC’s office network spanning 14 countries in the world’s key offshore wind regions.  The added value of DWP’s breadth of knowledge in turbine technologies also enhances OWC’s overall support for the development and innovation of floating wind technology.

“This is an exceptional opportunity for Delta Wind Partners, as it allows us to leverage our complementary competencies and expand our reach in the areas where we excel: planning and executing the WTG aspects of projects. By combining our unique turbine expertise with OWC’s industry-leading capabilities, we gain unparalled access to a wider range of projects, particularly in the thriving field of floating wind.

“Additionally, this strategic consolidation positions us to better support Denmark in its ambitious offshore wind commitments, including the upcoming auction of 9 GW of capacity starting this year. This consolidation builds upon an existing mutual respect and friendship, providing an excellent opportunity to grow our team and expertise for the benefit of colleagues and clients alike.”

René Aagaard, Director and Co-Founder of Delta Wind Partners (DWP)

TRANSACTION TERMS

OWC has agreed to acquire 100 percent of the shares in Delta Wind Partners. The total closing consideration of approximately DKK 12 million (USD 1.8 million) will be settled with a combination of approximately DKK 8 million in cash and 413,838 shares in ABL Group ASA. The acquisition is expected to be completed during the third quarter of 2023.

OWC is part of leading global consultancy and engineering group, ABL Group ASA. The acquisition of DWP is a purely renewable energy acquisition, reflecting both OWC and the parent company’s commitment to driving sustainability and energy transition technologies.

OWC is a specialist global consultancy that helps develop and deliver projects and investments in offshore and onshore wind, solar PV, battery energy storage, hydrogen, and wave & tidal energy.  The company specialises in project development services, owner’s engineering and technical due diligence. OWC also includes geo-consulting specialists East Point Geo, and the French marine renewable energies specialists Innosea.

Find our more about Delta Wind Partners here:

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