TECHNICAL DUE DILIGENCE

In RES energy, due diligence stands for an audit of individual projects, project portfolios or entire companies. Special technical tests, such as the evaluation of a turbine model, may also be a part. Due diligence is usually required in the context of transactions or project financing. An essential element is the assessment of compliance, in terms of technical, regulatory and financial requirements, as well as a risk assessment. Technical risks are identified, associated economic consequences are analyzed and proposals for mitigation are made.

PROJECTS IN THE PLANNING PHASE

For potential investors or during project financing (Lender's Technical Advisor), RE-POWER Project can perform a comprehensive due diligence for your project.

We particularly focus on aspects such as the project’s technical or economic feasibility, permit issues and stage of development (readiness for building, etc.). You benefit from the in-depth know-how of our experts.

The following core areas are usually covered during a due diligence:

  1. Review of planning & approval where will be checked: compliance of planning, permit requirements and operational restrictions.
  2. Review of energy yield assessments where will be checked: compliance with current standards and guidelines, technical losses and uncertainties.
    Review of project contracts where will be checked: Turbine Supply Agreements (TSA), operational and maintenance contracts (O&M), EPC contracts, BoP contracts and grid connection contracts.
  3. Review of technology where will be checked: power plant layout, site suitability, chosen type of power plant and manufacturer, grid connection, balance of plant, etc.  
  4. Review of project schedule where will be checked: key project milestones (permission, installation, commissioning, etc.)

PROJECTS IN THE CONSTRUCTION PHASE

RE-POWER Project is able to support investor during the construction phase of the project. The specific requirements for this (Lender's/Owner's Engineer) are agreed upon in advance on a case-specific basis. Tasks include, but are not limited to:

  • Regular site inspections
  • Verification of compliance with project specifications/financing conditions
  • Inspection of component manufacturing and delivery
  • Control of schedule compliance
  • Cost monitoring
  • Documentation of construction progress (regular reporting)
  • Technical inspections

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