OWC Supports Strategic Investment in Baltic Offshore Wind Project Gennaker
Independent Technical Due Diligence (TDD) advising Stadtwerke München in its acquisition of a 25% stake in the 976.5 MW Gennaker Offshore Wind Farm, strengthening investor confidence in one of Germany’s most significant renewable energy assets.
OWC’s technical advisory and due diligence team has supported Stadtwerke München GmbH (SWM) in its acquisition of a 25% stake in the Gennaker, a flagship offshore wind project being developed by Skyborn in the German Baltic Sea.
With a planned capacity of up to 976.5 MW, Gennaker will be the German Baltic Sea’s largest offshore wind farm at the time of construction. Located approximately 15 kilometers north of the Fischland-Darß-Zingst peninsula, the project is expected to generate enough renewable electricity to supply around one million households annually, making it one of the most impactful renewable infrastructure investments in Germany today.
Christian Apeah, Head of Independent Engineering at OWC, emphasises: “High-quality, independent technical due diligence is fundamental to unlocking investor confidence in complex energy infrastructure transactions. Our role is to provide clarity on risks, challenge assumptions, and ensure investment decisions are grounded in robust and bankable fundamentals. We are proud to have supported SWM on this strategic acquisition, helping to strengthen the investment case and underpin a successful transaction in a highly competitive market.”
“This engagement reflects OWC’s strong commitment to the German wind power market,” says Lisa Keaton, Germany Country Manager at OWC. “By combining a strong local presence of our Hamburg-based team with OWC’s global expertise, we provide investors with insight that is both technically rigorous and grounded in the realities of the German offshore wind landscape. I am proud of our team for supporting a German investor in this landmark wind project.”
Delivering Investor-Grade Due Diligence
OWC’s Hamburg-based team, with support from its global network, delivered comprehensive, end-to-end due diligence across all key project areas, including:
- Technical design and engineering robustness
- Energy yield and performance assumptions
- Contractual structure and risk allocation
- Environmental and regulatory framework
- Construction strategy and execution risk
- Operational readiness and lifecycle performance
Our independent assessment provided SWM with a clear view of key risks and value drivers, enabling a confident investment decision as the project advances towards construction.
Why Investors Choose OWC
In an increasingly competitive and capital-intensive offshore wind market, investors require independent, technically rigorous and commercially grounded advice.
OWC supports investors, lenders and developers by:
- De-risking complex transactions through independent challenge and validation
- Identifying downside risks early to protect investment value
- Providing lender- and investor-grade assessments aligned with financing requirements
- Bringing global experience across offshore wind, renewables and energy infrastructure
- Strong local insight and expertise, supported by a global network of country offices and on-the-ground teams
- Applying rigorous cost engineering, supported by robust benchmarking and detailed financial model reviews
- Supporting transactions end-to-end, from early-stage evaluation through to financial close and beyond
Contact our Hamburg-based team
We are a specialist technical advisory, engineering and consultancy expert supporting grid-scale development, acquisition, refinancing and asset management of renewable energy projects onshore and offshore. Part of the Oslo-listed global consultancy Aqualis ASA, OWC supports investors, lenders, developers and asset owners throughout the renewable asset lifecycle, helping deliver projects efficiently and accelerate the global energy transition.