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.
192MWac bifacial solar project in Kern County, California, USA