EnergyPro Analytics and Galetech Energy Services (GES) have announced a 50:50 joint venture (JV) to create EnergyPro Asset Management.

The new company will use its analysis tools to maximise the electricity produced at each wind turbine and in turn increase investors' return. It will have an initial combined long term contract roster of 180 MW of wind turbines.

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The JV will manage assets for a variety of windfarm owners from independent Irish developers to multinational institutional investors such as Impax Asset Management and Greystone Infrastructure Fund.

Sheila Layden, director of EnergyPro Analytics said: "By combining forces with GES, we will benefit from their deep sectoral knowledge and become the largest home-grown Irish windfarm management company."

(CD/LM)