NATURAL POWER PROVIDE LENDERS TECHNICAL DUE DILIGENCE SERVICES FOR NORD/LB AND HSH NORDBANK

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    Independent renewable energy consultancy Natural Power has provided full Lender’s Technical Due Diligence services for a portfolio of four wind farms in Northern France on behalf of funding banks Nord/LB and HSH Nordbank.

    Diamond Generation Europe, a subsidiary of Mitsubishi and EDF Energies Nouvelles (EDF EN), has secured a multi million non-recourse debt package with two leading lenders to finance the construction of the projects. The wind farms, which have a combined output of 72 MW, are located in the Nord-Pas de Calais and Picardie regions.

    Natural Power’s 20-strong French team have provided the following services in order to secure the financing:

    • BoP and EPC contracts review and gap analysis
    • Business plan review, including validation of assumptions book
    • Technical review of land lease agreements
    • Audit of energy production assessment
    • Acoustic risk and reassessment of curtailment
    • Building permit and consent discharge review
    • Balance of Plant – grid connection review.

    Natural Power will also provide construction monitoring and drawdown validation on behalf of the funding banks throughout the build out process, and afterwards during the operational phase.

    Oisin Brady, Natural Power’s Director for France, said: “It is with great pleasure that we have worked on these four sites on behalf of two of Europe’s leading lenders to the renewables sector. We are keen to continue working with both parties in future projects moving forward, providing competitive advice based on almost two decades of international renewable consulting experience.”

    Natural Power’s Due Diligence services are based on a wealth of full lifecycle consulting experience of over 15 years. The company has:

    • Provided M&A and lenders Due Diligence on 10 GW of projects including 4 GW in France
    • Managed the construction of over 1100 MW of wind farm projects;
    • Provided comprehensive asset management services for over 2000 MW of operating wind farm capacity, constituting 35% of the total onshore wind installed capacity in the UK.

    For more information sayhello@naturalpower.com or visit www.naturalpower.com

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    Contact details:

    Sarah Brady

    Events & PR Officer

    Natural Power sayhello@naturalpower.com

    Notes for Editors: Natural Power is a leading independent renewable energy consultancy and products provider. The company offers proactive and integrated consultancy, management & due diligence services, backed by an innovative product range, across the onshore wind, offshore wind, wave, tidal, biomass, pv and hydro sectors, whilst maintaining a strong outlook on other new and emerging renewable energy sectors. Established in the mid 1990s Natural Power has been at the heart of many groundbreaking projects, products and portfolios for more than two decades, assisting project developers, investors, manufacturers, research houses and other consulting companies. With its iconic Scottish headquarters, The Green House, Natural Power has expanded internationally and now employs over 270 renewable energy experts across Europe and North America with further representation through South American consultancy Latwind Energías Renovables and Turkish renewables consultancy re-consult. Providing Planning & Development, Ecology & Hydrology, Technical, Construction & Geotechnical, Asset Management and Due Diligence services, Natural Power is uniquely a full lifecycle consultancy – from feasibility to finance to repowering, and every project phase in between. Natural Power has consistently invested in product development and technical research in order to progress certain key areas within the industry such as the operational management of wind farms, the design and assessment of wind farms in complex flow and the use of remote sensing for wind measurement.

    From award winning consultancy and management services, through a string of technology world-firsts, Natural Power has a successful track record and the breadth of services and deep-rooted experience that provides a wealth of added value for our diverse client base.

    Natural Power – the international turn to experts in renewable energy