To finance a wind farm at the planning stage or one in a sale and purchase process, whether only at planning stage or constructed, technical due diligence are needed. The technical due diligence must be carried out by an independent company, recognised by both parties. The range of the technical due diligence can be defined by the client and may include the following sections:
- Wind resource assessment.
- Site assessment, approval of the selection of the wind turbine generator, its class and sub-class.
- Revision of contracts, permits and specifications.
- The projects environmental aspects.
- Project assessment and consultancy services regarding the electrical system, grid connection, civil works and control system.
- Costs, economic and financial analysis.
- Planning, control of works and certification of state of progress made.
- Attendance at testing and provisional acceptance.
- Verification of the fulfilment of guarantees and stipulated conditions in the
various contracts which go to make up the project. - Assessment of the operation and maintenance plan.
Ecosolution has the capacity and experience in all tasks included in a technical due diligence and has worked as, and is recognised as, an independent adviser by lenders and developers alike.
