DNV conducts a Vendors Technical Due Diligence to review a Portfolio of 3.9 GW of wind and solar assets in Europe (Greece, France, Italy, and Spain), for the purpose of selling it, together with the SGRE wind farms development platform.
About the customer
SGRE is a very well-known player in the Wind Industry: one of the biggest wind turbine OEMs and with a significant presence on the O&M side. SGRE also has quite relevant development capabilities, with a specific business area for these activities and several GW of wind farms developed. This wind farms development platform is being sold together with the portfolio of wind farms (and a few PV plants).
A big portfolio, composed of several projects in four different countries, with a total of 3.9 GW to be evaluated together with the Company development capabilities (to add this significant value). The target was to conduct an appropriate technical analysis for the valuation, to help in the selling process.
DNV's contribution or solution
By evaluating technical risks, mitigation measures, technical strengths, and technical, and financial aspects of the project, together with the Company development capabilities, a solid Vendors Due Diligence Report was provided. After that, DNV support the Customer with VCs and Q&A sessions with bidders, to help in the Transaction.
Benefits / Added value to the customer
The customer benefitted from the experience of the DNV team in Europe and in similar, which finally obtained a detailed evaluation of the assets, and had a holistic vision of the portfolio, reflected in the Vendors Due Diligence Report. Additionally, the bidders had the opportunity to ask specific questions to improve their valuation process.
The portfolio was an excellent investment opportunity and SGRE presented the DNV Vendors Technical Due Diligence Report together with info memos and a lot of information, giving a good view of the portfolio and Development Capabilities, which increased the Project value in the transaction. Six relevant players showed interest in the Project.
Services that we offer - Our approach
Scope of work:
- Energy Analysis
- Grid connection and permitting review
- Opinion on success rate
- Project costs projections
- Opinion on the projects development capabilities
- Bidders support