IN DEPTH: The new global colossus

DNV GL-Energy chief executive David Walker

DNV GL-Energy chief executive David Walker

The merger between renowned certification and advisory companies DNV and Germanischer Lloyd (GL) has created a global colossus able to offer the renewables business much-needed benefits in terms of knowledge, risk management and reducing industry costs.

The sheer scale of the new company, DNV GL, has caused some industry watchers to voice concern that it has too much market share in several areas.

For instance, DNV and GL had previously been the two main competitors in onshore wind verification — last year the pair took 42% of the market for wind turbine certification in Europe, and most expect that position to strengthen in the years ahead. Some analysts even expressed surprise that competition authorities in Europe and the US had passed the merger with so little Log in to read complete article.

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