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Rope Partner secures new investors to meet the rising demand for high-quality turbine services worldwide

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Wind turbine blade repair company Rope Partner has been acquired by funds advised by Magnesium Capital LLP (Magnesium) enabling the company
Rope Partner secures new investors to meet the rising demand for high-quality turbine services worldwide
Courtesy of Rope Partner

Rope Partner Inc is an international leader in wind turbine blade repair, maintenance and performance-enhancing services. In the last decade, the global wind market has rapidly expanded, with the majority of operating capacity installed since 2009. Providing the required operations and maintenance (O&M) services for these existing turbines as they enter the second half of their design life creates an evolving need for high-quality wind technicians to efficiently and safely service this sector.

With the global wind industry forecast to more than double by 2027 (adding 65 GW annually), the global O&M market is projected to be a $21 billion market by 2025. The offshore market alone is expected to grow by 17 percent annually, to more than $12 billion by 2028. This investment will support Rope Partner’s continued work to provide the expanding market with the high-quality services critical to supporting and accelerating the transition to a clean energy economy. This includes strategic growth plans in North America and abroad, with Europe and Latin America already identified as key growth markets.

“Since our beginnings in 2001, we have become the leader in the space and have a global reputation, with our services relied on by many of the world’s largest wind energy owners and manufacturers” said Eric Stanfield, Rope Partner CEO. “This next phase of growth is a very exciting time for us. We see many opportunities in the North American market, both onshore and offshore, and also in Europe and Latin America, where our customers already have wind turbines operating.”

Rope Partner, headquartered in Santa Cruz, California, is recognised internationally as the premier at height service provider of repair, maintenance and performance-enhancing services for wind turbine blades. The company counts among its clients over 40 blue chip wind energy asset owners and OEMs in North America and abroad, and over two decades has developed an unparalleled quality and safety record. In the last 18 years, the company’s technicians have completed several thousand projects for every major manufacturer and a majority of the wind farm owners in North America.

For additional information:

Rope Partner

Magnesium Capital

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