Zelya Energy

Based on our experience in financial assessment and business plan implementation for the development and acquisition of wind farms, we have developed specific methods and tools for valuing and modelling investments in this sector. 

Financial evaluation of wind assets

Our experts, specialized in M&A, project finance and private equity, assist you in :

  • The accurate evaluation of the cash-flows generated by the investment: selling prices under obligatory purchase and market price, costs of using the electricity networks, local taxation,...
  • Financial modelling and assessment of the profitability of the investment (Base Case; WACC) ;
  • The discussion of the financing terms of your acquisition (debt-equity; investment conditions).

Our services and assistance have been designed to provide expert and tailored guidance to all parties involved in the transactions of projects, farms and wind portfolios.

Financial evaluation of wind assets

Our support

Review of your business plan and financial projections (Base Case Model)

Analysis of economic profitability and financial viability of a wind farm project or portfolio

Financial modelling and estimation of the selling prices of wind farms

Assistance in defining the financial terms of acquisition or disposal

Plan and content of assistance

Step 1 - Assistance in determining the assumptions of the financial model

This step first involves collecting and commenting on the relevance and uncertainty of the technical or economic assumptions of the business plan when they are available, simulating them or generating them from ratios observed on the French market for comparable projects and on the basis of the preliminary regulatory-technical analysis and Zelya Energy expertise

Step 2 - Determining a range of value for the asset or target company

This step involves proposing a range of values for the wind farm, depending on its age and technology, or according to the progress of the project if the turbines are not yet erected, while taking into account, in this case, its probability of success and any co-development agreements concluded with the seller

Step 3 - Analysis and recommendations

We will finally carry out a critical analysis of the obtained valuation results, comparing them to the transaction amounts observed on projects and parks of comparable nature: At what price are wind projects being purchased at the time of analysis, with the same stage of advancement and similar wind resources?

Wind financial model



Zelya Energy provides a note summarizing the assumptions and results of the financial model, as well as the various value ranges obtained

Related services

The achievement of the financial model can be based on the results of:

the technical due diligence, the performance study and the risk of failure study, the study on the power increase possibilities regarding the producible

the regulatory due diligence for the evaluation of the payment schedule and the success probabilities of different projects

the simulation of the compulsory purchase tariffs

the analysis of O&M contracts and insurance policies