UK-based renewables and energy consultancy firm Everoze has purchased a 49.9% stake in Ireland-based wind resource assessment firm Brightwind.
Financial details of the deal have not been divulged by the companies.
Headquartered in Bristol, Everoze has offices throughout Europe and specialises in offshore and onshore wind, solar, energy storage and energy flexibility.
Everoze founding partner Richard Whiting said: “Our ambition is to be a driving force in delivering cutting-edge wind assessments.
“Combining Brightwind’s market-leading tools and technology with Everoze’s depth of experience will enable us to meet the increasing demand for energy analysis expertise and meet shorter delivery timescales.
“We can now offer a higher volume of bankable EPA analyses and reviews for our clients. We are also looking forward to working with Brightwind to support offshore wind, solar and energy storage customers across their home market of Ireland.”
The deal is expected to further strengthen capabilities of the two companies in delivering precise energy production assessments (EPAs), due diligence and other services.
Under the deal, the two companies will continue to run independently and partner on projects.
By working jointly on projects, they can share their knowledge and technology to fast-track project delivery for their clients and enhance outcomes.
Brightwind founding partner Shane Martin said: “We’re excited to be welcoming Everoze as a committed partner in Brightwind to support us as we seek to grow our team and expand our reach.
“The depth of Everoze and Brightwind’s expertise in EPAs, as well as Everoze’s wider technology and market knowledge, complements our software development and data analytics expertise. Our partnership is a platform for future innovation in this field.”