Mitigating Risk in the Supply Chain is Critical to Driving Offshore Wind Success:
How Mogan International is Building its Business Pipeline
As federal and state governments continue to open their shores to offshore wind in the U.S., the industry’s supply chain needs companies to help it grow and meet increasing renewable energy demands.
It’s an opportunity that hasn’t gone unnoticed by international companies. And many, like Mogan International, are bringing their expertise to the U.S. market to help companies across the offshore wind industry succeed.
Mogan International is a 100% U.S. entity whose sister company is GURIS Holdings, is a Turkey conglomerate involved in steel, general contracting, and renewable energy businesses.
Mogan International, with the backing of GURIS Holdings, is seeking connections with suitable partners in the U.S. to provide strategic planning, organizational development, and financial investment to help build the U.S. renewable energy market and it’s supply chain.
Mogan International realizes that any company entering a new market, starting a new business or even a growing an existing business must deal with many forms of corporate, management, economic and financial risk factors. The Virginia-based company does extensive research and networking to find the right opportunities where they can bring their financial backing, management consulting and project management experiences to partner with and help companies maintain effective operations, mitigate risk, and achieve their goals.
We sat down with Kaan Yamanturk, Executive Board Member of Mogan International LLC to discuss how his company is building its U.S. offshore wind business and supporting supply chain businesses.
Oceantic Network: What has your experience been as a new company in the offshore wind industry?
Kaan Yamanturk: Our company is new and growing in the U.S. and as we evaluate businesses, we have found risk mitigation to be their most critical need. The most fundamental part of risk mitigation is making the right partnerships at the right time. It takes time to get to know people and their companies, build strong relationships and strengthen partnerships. Joining the Oceantic Network and attending IPF have been valuable resources for us to meet suitable partners in every aspect of the U.S. energy market and it’s supply chain.
Oceantic: What has your IPF experience been like?
Yamanturk: Last year was our first IPF and we focused on learning as much as we could. We were new to the marketplace and needed to understand the industry. We found IPF to be a great place to introduce Mogan International and make connections that could possibly lead to future investments. There was so much to learn. We listened, learned, and found areas where we think we can support this industry. We achieved our objectives for our first IPF and will be setting much more specific goals and objectives for this year’s event in New Orleans.
Oceantic: What are your goals for this year’s IPF?
Yamanturk: Offshore wind is a new investment type in the global energy market, and it is crucial we use the right approach and investment strategy. Our goal for IPF is to network with executives and search for companies that fit with our investment and management consulting strategy and offer a potential high return on investment. For us IPF is about making connections with the right people and gaining business knowledge that helps us make better investing decisions that ultimately build the offshore wind industry and its supply chain.
Oceantic: How has the Oceantic Network helped your journey?
Yamanturk: Using the Network’s resources data and expertise, we were able to build our knowledge and understanding of the U.S. market and global offshore wind businesses. We used this information to develop a strategic roadmap and target businesses where we could add the most value. Perhaps most important is that once we knew what we needed, the Network facilitated introductions that have benefited our business.
Oceantic: What advice would you give other companies joining the industry?
Yamanturk: Set a plan before attending the conference. At Mogan International, we researched attending companies and determined which ones we wanted to seek out during the conference. We reach out in advance and set up meetings. Another suggestion is to select sessions, workshops, or panels that focus on your target areas and where your target companies might be. Use content from those sessions to open doors to connect with the right people in both the private and public sectors.
New to IPF? New to the Industry?
This year at 2024 IPF, Oceantic Network is pleased to offer programming on Tuesday, April 23 for companies new to IPF and/or the offshore wind and ocean renewables industries. Join at 10:30 a.m. for the New to IPF: What You Need to Know session. From there, make sure you attend New to the Industry: Offshore Wind Insights and Networking, taking place from 1 to 4 p.m. View the full IPF agenda here.
About Mogan International
MOGAN INTERNATIONAL is a financial investor and management consultant company focused on construction, power, and renewable energy sectors. The company builds trust and collaboration with individuals and companies to drive affordable, sustainable, clean energy solutions around the world. It’s parent company MOGAN Energy Investment Holding, is Turkey’s leading renewable energy investor and along with its sister company GURIS, currently operates 766 MW of wind power throughout Türkiye and Europe with an additional 600 MW of wind power in the pipeline. The company is also engaged in thermal power plants, rail transportation systems, dams, pipelines, water treatment plants, ports, natural gas and other businesses.