Zelya Energy advises developers, investors, and lenders in the wind power sector, leveraging the expertise of its specialists.
Industry and market experience
Each year, our team reviews hundreds of megawatts of projects under development or in operation, providing guidance on regulatory matters, site selection, project development, grid connection, and even turbine delivery and assembly.
Understanding investor requirements
Our teams are responsive and have strong writing capabilities, essential for both project finance stakeholders and private equity investors.
Once risks are identified, our recommendations also address investment conditions precedent designed to mitigate those risks.
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 production capacity of the wind farm? What is its availability rate? Is the grid connection optimal? Is an extension or repowering project appropriate for the site and resource?
Our consultants’ technical expertise enables them to critically review business plans, manage the audits required to verify installations, and assess 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, wind farm, and turbine selection
Review of permitting process, building authorizations, and environmental constraints
Validation of production assumptions and offtake prices
Financial modelling and valuation
Performance analysis, failure risk, insurance, and O&M conditions
Recommendations on conditions precedent: wind resource counter-study, site inspection, acoustic counter-study, geotechnical sampling, etc.
Regulatory due diligence
Objectives
Regulatory due diligence assesses regulatory risks for the acquirer and provides recommendations on additional steps and conditions precedent to secure the rights of the project company holding the necessary building and/or operating permits.
It includes a review of the following documents:
For power plant operations: operating declaration or operating permit
For grid connection: technical and financial proposal, connection agreement, and network access contract
For construction and operation: building permits (including application file, impact study, public inquiry), ICPE authorization, and other required permits
For land rights and access: leases, easements, overflight rights, indemnity agreements, property titles
For offtake contracts: SRCAE or purchase obligation certificate, contract signed with EDF Obligation d’Achat, invoices
For operations: O&M contracts, insurance policies
Deliverables
The report includes an assessment of regulatory risks, recommendations on additional steps, and conditions precedent to secure the buyer’s rights to the project or wind farm.
Zelya Energy provides an opinion on:
The consistency of information with the project and its sponsor
Missing documents or potential modifications
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.
Specifically, it aims to:
Identify inconsistencies between design and operating/maintenance conditions
Confirm the key technical characteristics of the wind farm: resource, losses, efficiency, availability, production
Assess uncertainties and risks that could affect performance
Provide realistic assumptions for the financial model
Recommend and prioritize conditions precedent to accompany the purchase offer
Scope of Work
To estimate expected production and assess risks of variation, we:
Collect and analyze key documents: supply contracts, O&M agreements, insurance, grid access agreements, resource and production studies
Assess technology, resource, and equipment sizing
Review resource and production studies
Analyze contract technical clauses: efficiency, availability, production guarantees
Provide recommendations and oversee additional site audits or tests as needed
Information:
Call us at +33.4.93.71.33.11 or contact by Form