Due diligence and evaluation of a 47 MW wind portfolio

Client: A Western European energy utility · Sector: Wind · Mandate: Buy-side due diligence

This mission was carried out for a Western European energy utility wishing to invest in a French portfolio of operating and developing wind farms and projects. Our intervention started with a preliminary financial model to support the preparation of the initial offer.

During the due diligence phase, we intervened on site to supervise and carry out technical audits, and at the headquarters of both our client and the target company to verify the contractual conditions and authorisations under which the wind projects had been developed. The intensive 3-week DD phase led to the adaptation of the financial valuation model and the drafting of recommendations on:

• The value range of the target company, and the weight of each park and project in this range
• A list of investment suspension conditions to be added to the firm purchase offer
• The additional expertises to be carried out during closing (inventory)
• The insurance policies to be subscribed or renegotiated in the coming months
• The maintenance conditions likely to be renegotiated with the historical wind turbine supplier after the sale

This mission is representative of the interventions Zelya Energy carries out on the sale of wind farms and projects. Our firm has conducted audits and evaluation work on more than 1 GW of wind farms, on behalf of large energy groups and renowned investment banks.

This engagement is part of our wind farm due diligence practice, integrated within our cross-sector energy and renewable asset due diligence services.

Considering a wind farm acquisition? See our integrated energy and renewable asset due diligence services.