What was the aim of the work?
To provide a reliable technical review of all aspects of the project, including characterization of project risks and potential mitigants, to give our investor client comfort to move forward with a sizable tax equity investment.
What was the outcome?
The client used Natural Power’s review to gain comfort in its decision to fund the project with a tax equity investment.
What did Natural Power do to get this result?
Our advisory team undertook a detailed review of all aspects of the planned project, with a specific focus on uncovering and further investigating technical risks that might have a material effect on the long-term operation from a design, financial or regulatory perspective.
Our analytics team modelled long-term energy production and calculated estimation uncertainty using our industry-leading tools and resources, as well as our in-house experts in bifacial PV system modelling and performance.
Key services from Natural Power:
- Pre-construction technical due diligence, including reviw of the Independent Engineer's report as well as key project documents, system design, project participants, construction plan, technology and financial model. The review included a deep analysis of current hot topics in complex utility scale projects, such as curtailment risk, shared facilities and nuances offtaker agreements.
- Provision of an independent, finance-grade energy yield analysis (EYA) for the project, to provide an estimate of long-term energy production and production uncertainty. Natural Power employed industry-leading tools and expertise for evaluating bifacial PV module performance and carefully examined albedo, bifacialty, and module construction to ensure best possible returns for the client.
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192MWac
192MWac bifacial solar project in Kern County, California, USA
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