Wind energy: TÜV Rheinland supervises Senvion sale

On behalf of Centerbridge Partners LP / Implementation of the technical due diligence / Securing the transaction through technical evaluation

London/Hamburg/Cologne, February 9, 2015. TÜV Rheinland provided American investor Centerbridge Partners LP important consultancy support and technical due diligence prior to its purchase of German wind-energy facilities manufacturer Senvion from the Indian Suzlon Group. TÜV Rheinland concluded the technical due diligence inspection within a period of one month.

TÜV Rheinland successfully carries out due diligence in many different industries on behalf of investors, banks and insurance companies in order to provide risk assessment from a technological viewpoint and secure transactions. Technical due diligence includes the evaluation of products, plans and future prospects in terms of technological aspects. Specific industry market and competitive situations are also considered. Furthermore, technical due diligence provided by TÜV Rheinland examines the effects of quality management, measures risk and reliability and evaluates production facilities at various locations.

Senvion SE is one of the leading international manufacturers of onshore and offshore wind turbines. All across the globe, the engineering company is developing, constructing and distributing wind turbines. The power ratings of our turbines range from 1.8 up to 6.15 MW with rotor diameters between 82 and 152 meters. Furthermore Senvion provides clients with project-specific solutions in the areas of wind farm engineering, service and maintenance, transport and installation as well as foundation. With more than 3,400 employees worldwide Senvion can draw on the profound experience of having constructed and installed over 5,800 wind turbines. A private investment company with offices in New York and London, Centerbridge Partners LP focuses on private equity and credit investments.

TÜV Rheinland offers a wide range of services for manufacturers, operators, investors and insurance companies in the wind energy industry. The company assists clients all over the world by providing expert assessments and measurements, performing risk and damage analysis, and certifying wind turbines and wind power projects. TÜV Rheinland is accredited by the Germany's National Accreditation Body (DAkkS) for the type and component certification of onshore and offshore wind turbines in compliance with national and international standards.

The company provides sophisticated services such as site analysis and building site surveys, manufacturer monitoring, coordination of structural analysis and test statics, and quality control and construction supervision. In addition, TÜV Rheinland conducts acceptance tests and periodic inspections for turbines as well as construction monitoring services. The company provides assistance with supervisory services, or what are referred to as "marine warranty survey services", for the transport and installation of offshore wind turbines and transformer platforms. The company has also successfully implemented its concept of neutral monitoring for the quality assurance of global supply chains.

Featured Product

GreenFasten™ solar panel roof mount hardware, watertight, USA made

GreenFasten™ solar panel roof mount hardware, watertight, USA made

The GreenFasten™ - GF1 system utilizes the patented watertight technology EcoFasten Solar® is known for. The flashing is fit with our EPDM rubber bushing and when used with a compatible EcoFasten Solar compression bracket (milled with countersink), a watertight seal is created, which protects the integrity of the roof. Requiring just a single fastener (lag bolt or self-drilling), GreenFasten provides the fastest install in the industry and will not void roofing manufacturer's warranties. Backed by IAPMO certification, GreenFasten delivers a mounting solution for all new or existing (retrofit) composition shingle roofs, and is the most cost-effective solution available. Like all of the solar roof mount solutions in our line of products, GreenFasten is made in the USA using recycled materials.