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30 April 2025

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

Windanker transaction successfully completed

Kansai, supported by Santander, has successfully reached Financial Close for the acquisition financing of Kansai’s acquisition of a 49 percent stake in the Windanker offshore wind project.

It was announced in December last year that Kansai intended to invest in the project. The acquisition has now reached financial close, and Kansai formally owns 49 percent of the Windanker offshore wind project.

Renewable energy consultancy OWC acted as the independent lenders’ technical adviser in connection with the transaction. OWC conducted an extensive technical and environmental due diligence (TDD) prior to financial closing of the transaction. The TDD addressed technical and environmental risks and recommending mitigation strategies to ensure bankability for Santander and syndicating lenders.

Christian Apeah

“This is a substantial investment, and we are very pleased having contributed with our technical, commercial and environmental specialist competence to get the transaction across the finish line. We would like to congratulate all parties on a successful deal,” says Christian Apeah, OWC’s Head of Independent Engineering.

The Windanker project is a major offshore wind farm in the Baltic Sea, located about 40 kilometres offshore Germany. It consists of 21 x 15MW wind turbine generators on monopile foundations, with a combined capacity of 315MW, which corresponds to the supply of 315,000 households. The project is being developed by Iberdrola through Windanker GmbH and has just received planning approval from the German Federal Maritime and Hydrographic Agency (BSH). Start of operation is planned for 2026.  

OWC is part of Oslo-listed ABL Group ASA.

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