NoviCap and NWEA partner to support companies with innovative working capital solutions

Novicap and NWEA partner to support companies with innovative working capital solutions.

Novicap, leading working capital solutions platform, partners with the Dutch Wind Energy Association (NWEA), the main trade association in the offshore wind and energy industry.

Novicap started in 2015 with the mission to build the first customer-centric, fully digital and cost-effective working capital finance platform. Just months after opening its Northern EU headquarters at ING’s Cumulus Park in Amsterdam, the FinTech has partnered with NWEA to provide its members with digital working capital solutions. 

NWEA is the leading trade association in the Offshore Wind and Energy industry. NWEA promotes the development of wind energy to achieve a sustainable energy supply. NWEA is working with its members to create a robust and sustainable wind energy industry. 

Novicap’s solutions are particularly adapted to the challenges faced in the offshore wind and energy industry. Indeed. Novicap is complementary to traditional bank finance and offers great flexibility to finance milestone-based projects while acting as a long-term business partner advising on contracting and financing from A to Z.

On the signing of this partnership, Federico Travella, Novicap Group CEO, commented “We’re excited to join NWEA and help their members thrive through financial technology. On a more personal note, this feels like a “homecoming” because I’m originally trained as a marine geologist. I studied the geotechnical and morphodynamic properties of the Norther wind farm concession zone on the Belgian continental shelf, and later worked on fascinating dredging projects at Jan De Nul.”

Daniëlle Veldman, NWEA spokesperson, stated “NWEA members are increasingly interested in innovative working capital solutions that can support them throughout a wind energy project. Novicap’s expertise in this field will prove valuable to our members and contribute to a sustainable and successful wind energy industry.”