Zelya Energy advises operators, investors, and lenders in relation to photovoltaic power plants, combining expertise across energy and finance.
Industry and market experience
Our team has worked on several hundred MW of projects, with the largest approaching 150 MW, providing support on regulatory issues, site selection, development, grid connection, and the delivery and assembly of photovoltaic equipment.
Understanding investor requirements
Our teams are responsive and have strong writing skills, essential for both project finance stakeholders and private equity investors.
Once risks are identified, our recommendations also cover investment conditions precedent designed to mitigate them.
Targeted support to facilitate acquisitions
Due diligence validates the technical and regulatory assumptions underpinning a company’s or project’s financial model: What is the actual and forecast generation capacity of the solar plant? What is its availability rate? Is the grid connection optimal? Are the inverters suitable? Is an extension or refurbishment project appropriate given the site and resource?
Our consultants’ technical and regulatory expertise enables them to critically assess business plans, oversee audits required to verify installations, and provide an informed opinion on the quality of operations and maintenance.
This expertise is central to risk assessment, safeguarding acquisitions through recommendations on conditions precedent, and providing robust inputs for the economic models that underpin investment decisions.
Representative Assignments
Validation of site, resource, equipment selection, and connection/assembly scheme
Review of permitting procedures, building authorizations, and environmental constraints
Validation of production assumptions and tariff structures
Financial modelling and valuation
Performance analysis, failure risk, insurance, and O&M conditions
Recommendations on investment conditions precedent
Regulatory due diligence
Objectives
Regulatory due diligence assesses regulatory risks for the buyer and provides recommendations on additional steps, as well as conditions precedent, to secure the rights of the project company holding construction and/or operating permits.
It includes review of the following documents:
Operation: operating declaration or operating permit
Grid connection: technical and financial proposal, connection agreement, grid access contract
Construction and operation: building permits (including application file, impact study, public inquiry), other required authorizations
Land and access rights: leases, easements, compensation agreements, property titles
Offtake: purchase obligation certificate, contract with EDF Obligation d’Achat, invoices
Operations: O&M contracts and insurance policies
Content / Deliverable
Based on this analysis, a report is delivered including regulatory risk assessment, recommendations on additional steps, and conditions precedent to secure the buyer’s rights to the project or plant.
Zelya Energy provides an opinion on:
Consistency of information with the project and its sponsor
Missing elements or possible amendments
Recommended conditions precedent to ensure project quality and bankability
Technical due diligence
Objectives
Technical due diligence complements regulatory reviews by confirming technical characteristics and quantifying uncertainties and risks related to expected production.
Its objectives are to:
Identify inconsistencies between design, operation, and maintenance conditions
Confirm technical features: resource, losses, efficiency, availability, production
Assess risks and uncertainties that may affect performance
Provide realistic assumptions for the financial model
Recommend and prioritize conditions precedent for a purchase offer
Content / Steps
To determine production estimates and assess related risks, we:
Collect and analyze key documents: equipment supply contracts, O&M and insurance agreements, grid connection contracts, resource and production studies
Analyze technology and assess overall equipment sizing
Review resource and yield studies
Analyze technical clauses in contracts: efficiency, availability, production guarantees, insurance coverage
Provide recommendations and oversee additional audits or on-site tests as required
Information:
Call us at +33.4.93.71.33.11 or contact by Form