DNV advises Galp on acquisition of 351MW Spanish onshore wind portfolio from Helia Funds

DNV served as technical advisor to Galp in the acquisition of a 351MW portfolio comprising 17 operational onshore wind farms in Spain from Helia Funds. The transaction required DNV to conduct technical assessments across all 17 sites, including site inspections, operational performance reviews, and energy yield evaluations within a compressed timeline. DNV also performed turbine technology evaluations, remaining useful lifetime analyses, and permitting checks for each asset, with scope extending to repowering potential assessments as Spain's wind fleet ages. Galp, a Portugal-based integrated energy company, operates across oil, natural gas, and renewable power generation and marketing. The deal represents Galp's strategic expansion in Spain's renewable energy sector through the acquisition of operational assets rather than new developments.

Counterparts (3)

Seller

H

Helia Funds

company · 1 deals

Buyer

Galp

company · 3 deals

Galp is an energy company committed to efficient and sustainable solutions in its operations and in the integrated offers to its customers. It develops its activities across all stages of the energy sector, from exploration and production of oil and natural gas to the development of renewable energy sources and the sale of energy products and services.

Buy-Side Advisor

DNV

company · 4 deals

DNV is an independent assurance and risk management provider. They operate in more than 100 countries and help companies advance their safety, quality, and sustainability performance.