Turner & Townsend takes stake in offshore renewables specialist

Turner & Townsend and JUMBO Consulting Group have established a new strategic partnership to support their expansion in the clean energy sector.   

The move will see Turner & Townsend take a majority 70% share in JUMBO Consulting Group, which specialises in procurement and contract management for offshore wind.  

The agreement will build the combined team’s capability in a fast-expanding market and help accelerate the delivery of offshore programmes needed to support the energy transition.  

The new combined team will be known as Turner & Townsend JUMBO will continue to be led by JUMBO’s current management.  

It will work with clients looking to establish and deliver projects in the offshore wind sector, as well as around energy islands, grid expansion and interconnectors.  

This comes against a backdrop of major investment by global energy companies and national governments in offshore wind. 

Analysis from the Global Wind Energy Council forecasts that 138 GW of offshore wind capacity is expected to be added globally from 2024-2028, with annual installations expected to average 27.6 GW.

JUMBO has operations in Aberdeen, Copenhagen, Hamburg, Madrid, Warsaw, Singapore, Melbourne, Seoul and Taipei, with the ability to now draw on Turner & Townsend’s team of more than 10,000 people across 48 countries.

Vincent Clancy, chairman and CEO of Turner & Townsend, said: “Energy transition is one of the greatest priorities for our generation and we are committed to playing our part in delivering affordable, sustainable and secure energy. 

“Turner & Townsend JUMBO is a key part of our response to this challenge.  The offshore industry is rapidly growing in complexity and scale, creating demand and opportunity for our services and expertise as we seek to transform performance for a green, inclusive and productive world.”

Morten Søjborg, chief executive officer at Turner & Townsend JUMBO, added: “Our partnership with Turner & Townsend is driven by a shared purpose and commitment to advancing the clean energy transition. 

“By combining our strengths, we aim to leverage expertise and scale in the development and delivery of offshore renewable energy projects, accelerating our collective impact and ability to achieve this goal. 

“This partnership not only fosters skill development and growth opportunities for our team; it also enables us to offer a sophisticated and comprehensive value proposition to our clients that is unparallelled, combining deep sector knowledge with major programme delivery capability. 

“We are excited to bring this joint offering to the market and keep making the difference for our clients.”  

This transaction is expected to be completed in the coming weeks.