Showcasing the Best of Welsh Business

DEFAULT GROUP

Lisarb Energy Launches Global Consortium to Target Offshore Wind Market

SHARE
,

Lisarb Energy, a fast-growing global renewable energy developer, announces the launch of Lisarb Offshore Limited; a partnership between Lisarb Energy Group Limited, Prosperity Energy Limited and a consortium of leading global ports, fabricators, manufacturers and consultants.

Lisarb Offshore brings a unique combination of experience in renewables financing and project delivery to a qualified pipeline of offshore opportunities across Europe and South America – with a particular focus on new floating wind licence areas, such as the UK Celtic Sea, North Sea and coast of Brazil.

The partnership is founded on Lisarb’s 4.6 GW portfolio of more than 80 solar and onshore wind projects across Latin America and the Iberian Peninsula; underpinned by a loyal, blue-chip investor base and secure, long-term Power Purchase Agreements with leading global brands.

Prosperity Energy adds a strong management team with deep experience in delivering prestigious offshore wind, solar, tidal and hydrogen projects – including competitive leasing rounds, supply chain development, installation and operation.

Together, Lisarb Offshore’s multi-disciplinary team has many decades of experience; having worked on major UK and international infrastructure projects, including more than 30 offshore wind farms – totalling well over 20 GW. The team’s expertise spans all phases of a project’s lifecycle; from site selection, through development, construction and operation, as well as hands-on experience acquiring/divesting offshore wind projects, preparing successful competitive lease bids, and securing long term Power Purchase Agreements.

Jamie MacDonald-Murray, Chairman of Lisarb Energy, said:

“Lisarb Offshore’s partnership model provides a delivery-oriented blueprint to support renewable energy development while better managing cost and risk. We can apply this blueprint to emerging fixed and floating offshore markets to nurture indigenous supply chains, deliver revenue for regional economies, and meet the net zero agenda – locally and globally.

“Lisarb Offshore’s agile, supply-chain first strategy, planning expertise and technical innovation will drive costs down and value up; while supporting our consortium partners, employees and communities – in the UK, Brazil and beyond.”

Lisarb Offshore has already signed up a wide array of consortium partners, providing access to a unique resource pool and skills set in global offshore wind projects – fixed and floating. These include Quantum Global Solutions (legal and commercial counsel), and Offshore Solutions Group (technical and practical support).

Lisarb Offshore has qualified a pipeline of opportunities in the following key markets:

  • Brazil – including a 2 GW offshore wind farm, a 2 GW solar farm, an additional 19 GW of seabed lease rights and associated PPAs (electricity and hydrogen);
  • UK Celtic Sea – targeting 1500 MW as part of the 2023 leasing round, with the first 300 MW phase starting development from 2023;
  • UK North Sea – targeting three 100 MW projects in the INTOG programme, with the leasing round opening in summer 2022.

Jamie concludes:

“While fixed-bottom offshore wind infrastructure will continue to dominate in many territories, floating offshore wind is unleashing a raft of new opportunities and I am confident that we have the right strategy, team and technology to be successful across both markets.”