Bridge Wind Management has acted since 2012 as commercial and financial management services provider to OPW, 24.8% investor shareholder of the 367 MW Walney I & II offshore wind farms, working alongside Orsted and SSE Renewables. OPW is owned by the leading Dutch pension funds group PGGM.
The commercial and financial services we provide include day to day management of the investment and project company, liaising with JV shareholders, key project service providers and the project finance lenders to OPW.
We represent OPW at operational and financial project meetings, ensuring minority interests are taken into consideration, accurate reporting is provided to OPW’s shareholders and lenders and that timely responses are made to project events as they occur.
We manage shareholder consents when required and have responsibility for the management of OPW’s project finance loan facilities. We also provide corporate administration of the project investee companies, including management and statutory accounting and tax administration.
We were centrally involved in the refinancing of OPW's project finance loan facilities in 2016, resulting in ca. £200m package of facilities provided by a consortium of six banks. We continue to manage the facilities, including loan administration, interest and repayments, lender reporting and managing of the hedging facilities. We act as the contact point for all lender enquiries.