Zelya Energy supports solar power plant projects throughout the entire development cycle, mobilizing the technical, regulatory and financial experience of its experts.
Our technical experts support you in the selection of sites with strong solar potential and help you anticipate operational constraints related to the installation of your panels. They also assist you in assessing production and the feasibility of network connection.
At this stage, we can also help you promote your project to investors and arrange the raising of the necessary capital to finance the development phase of your solar plant.
Our specialists in solar regulations offer essential support to identify all local contacts to reach out to and complete the many required administrative procedures: declarations of work, connection to the power distribution network, emphyteutic lease promise, request for purchase obligation certificate, ...
Zelya Energy works with solar developers for the sale of their power plants and projects. Once you have mandated us, we accompany you throughout the sales process.
Zelya Energy prepares the presentation file of your photovoltaic production park which will serve as support throughout the sales negotiations and which will be sent to all potential buyers. For this type of sale, the documents to be compiled are very precise: our experience of projects and transactions will allow you to compile a solid file.
In parallel, our analysts prepare with you the financial models (Base Case models) necessary for negotiations and the estimation of the sales price.
Once the file has been submitted to potential buyers, Zelya Energy organizes the data room, site visits, management presentation, all while ensuring the smooth running of the acquisition audit and respecting confidentiality.
We also accompany you in formalizing the letter of intent (or Term sheet) and in setting the basis on which the transaction will be conducted (valuation, payment terms, financing and guarantees).
Zelya Energy acts on behalf of operators, investors, and lenders for photovoltaic power plants in various fields of expertise related to energy and finance.
Our team has intervened on several hundred MW (the largest projects reaching nearly 150 MW), providing support and experience in regulatory issues, site selection, development, connection, or the delivery and assembly of photovoltaic equipment.
Our teams are responsive and have excellent writing skills, essential for both project finance actors and private equity investors.
Once all the risks are identified, our recommendations also include the conditions precedent of investment that will control them.
The due diligence is to validate the technical and regulatory assumptions that feed the financial evaluation model of a company or a project: what is the real and producible deposit of the solar power plant? what is its availability rate? is the connection to the electricity grid optimal? are the inverters adapted? is the extension or renovation project adapted to the type of deposit and environment?
The technical and regulatory expertise of our consultants gives them the critical ability to analyze business plans, pilot audits necessary for checking the installations, and issue an opinion on the quality of operations and maintenance.
This expertise plays a crucial role in the serene assessment of risks associated with an acquisition, for the protection of our clients by recommending them suspensive investment conditions, and to adequately feed the elements of economic models that form the base of their evaluations.
Validation of the site, deposit, choice of equipment and connection and assembly scheme
Analysis of administrative procedures, building permits and environmental constraints
Validation of assumptions of producible and sales tariffs
Modeling and financial valuation
Performance analysis, risk of failure, insurance and O&M conditions
Recommendations on the conditions precedent of investment
The regulatory due diligence consists of assessing the regulatory risks for the new purchaser and formulating recommendations on the possible additional steps that it is necessary to carry out, as well as the suspensive clauses to secure the rights of the new owner of the solar power plant which holds various construction and / or operating authorizations.
It includes the review of the following documents:
for the operation of the power plant: operation declaration or operating authorization order
for the connection of the power plant to networks: technical and financial proposal or connection agreement, grid access contract
for the construction or operation of the installation: the building permit (including the analysis of the application file, impact study depending on the size, public inquiry ...), other required administrative authorizations
for making land available and securing access: leases, access easements, compensation agreements, ownership titles ...
for the benefit of purchase obligation tariffs: regulatory conditions, the purchase obligation certificate delivered, the purchase obligation contract signed with EDF Obligation d’Achat, invoices
operation contracts, completeness of O&M contracts, insurance policies
Based on the analysis of these documents, a report is delivered. It contains an assessment of regulatory risks, recommendations on additional steps to be taken, and on suspensive clauses to secure the rights of the future purchaser of the project or the photovoltaic power plant.
Zelya Energy gives an opinion on:
the consistency of the information they contain, relatively to the contractor and the project
the missing parts, possible amendments to be made
recommendations on suspensive clauses to ensure the relevance and quality of the asset to acquire or finance
The technical due diligence complements the regulatory due diligence. It aims to confirm the technical characteristics and quantify the uncertainties and risks related to the expected production.
More precisely, it aims to:
More specifically, its objectives are:
identify possible inconsistencies between the design and conditions of production, operation, and maintenance
confirm general technical features: resource, losses, efficiency, availability, production
assess the uncertainties and risks that could negatively affect these technical features
propose realistic assumptions for the financial evaluation model
advise, list and rank the appropriate suspensive conditions accompanying the purchase offer
To determine the production to consider and evaluate the uncertainties and risks of variation of its value, we:
collect and analyze key documents: equipment supply contracts, operation and maintenance, insurance, connection and network access, resource study and production, etc
analyze technology, deposit and provide a critical eye on the overall equipment sizing
examine the deposit study and producible
analyze the technical clauses of contracts: efficiency, availability and gross production, guaranteed and insured
make recommendations and pilot the possible additional audits and on-site tests to be carried out
Information:
Call us at +33.4.93.71.33.11 or contact by Form
Do you wish to analyze or optimize the performance of a solar power plant?
Our teams carry out punctual audits and support operational activities with optimization solutions and applications.
Our team has audited and accompanied several hundred megawatts in projects or in operation.
Our understanding of market operations and our detailed knowledge of the profitability issues of renewable assets allows us to provide complete solutions, meeting operational needs on the ground as well as managerial and financial requirements at management levels.
Study of grid connection conditions
Study of possible power increase
Technical due diligence is a complement to regulatory due diligence. It helps validate the general technical characteristics and quantify the uncertainties and risks on the values retained for the output of a park or a portfolio of wind farms.
More specifically, it aims to :
identify any inconsistencies between the design and production, operation and maintenance conditions
validate general technical characteristics of the park or portfolio: resource, losses, performance, availability, production
quantify uncertainties and risks that could negatively impact these technical characteristics;
recommend realistic assumptions on these technical characteristics for the financial valuation model;
recommend, list and prioritize suitable suspensive conditions in the context of a purchase bid submission
To evaluate the production to be retained and quantify the uncertainties and risks of variation of its value, we carry out the following tasks:
collection of relevant documents: equipment supply contracts, operation and maintenance contracts, insurance contracts, connection and access to networks, resource and production study, etc.
Technological analysis and evaluation of the overall design of the equipment
examination of the resource and yield study
analysis of technical clauses of contracts: gross yield, availability and output, guaranteed and insured
The study of technical connection conditions of a wind park or a portfolio to the electricity transport or distribution networks is a complement to technical due diligence.
It is necessary when it is required to more specifically examine the optimization of the connection from a technical and electrical point of view (acceptable line loss level to the delivery point, reasonable unavailability and shedding rates at the grid level,...), and, more generally, whether the design and operating conditions of the internal electrical installation are compatible with that of the connection to the electricity networks.
More specifically, it aims to :
identify any inconsistencies between the design and operating conditions of the interior installation and the connection infrastructure
validate technical characteristics of the grid connection
quantify uncertainties and risks that could negatively impact the wind farm's production
recommend realistic hypotheses on these technical characteristics for the financial evaluation model
recommend, list and prioritize suitable suspensive conditions or possible improvements
For a wind farm or a portfolio under-project, it is possible to complete the analysis of the only usually available documents (connection study, technical and financial proposal) with a prospective analysis of predictable grid connection convention, operation convention and network access contract, given the current regulation and legislation
Information:
Call us at +33.4.93.71.33.11 or contact by Form
Our feasibility study service intervenes upstream of the development of solar power plants and parks, whether you are an investor, lender, insurer or developer.
Our studies provide you with all the information you need to make your decision and adapt your project, both for thermal and photovoltaic solar.
We have audited and contributed to the development, just in 2009, of about twenty power plants, in France and internationally.