Zelya Energy acts on behalf of developers, investors and lenders for wind farms, mobilizing the skills of its experts.
Industry and market experience
Our team audits hundreds of megawatts each year in projects or in operation, providing support and experience on regulatory issues, site choices, development, connection, and even delivery and assembly of turbines.
Understanding the expectations of financiers
Our teams are reactive and have excellent writing skills, essential for both project finance actors and private equity investors.
Once all risks are identified, our recommendations also cover investment suspension conditions that allows to manage them.
Precise support, to facilitate acquisition
Due diligence consists in validating technical and regulatory assumptions that feed the financial evaluation model of a company or a project: what is the actual and future producible deposit of the wind farm? what is its availability rate? is the electricity grid connection optimal? is the extension or renovation project suitable for the type of deposit and environment?
The technical expertise of our consultants gives them the necessary critical capacity to analyze business plans, steer audits necessary for verifying installations, and provide an opinion on the quality of operation and maintenance.
This expertise plays a crucial role in the risk evaluation for a serene acquisition, to protect our clients by recommending them investment suspension conditions, and to adequately nourish the elements of economic models serving as a base to their evaluations.
Nature of the interventions
Validation of the site, wind farm, turbine choice
Analysis of administrative steps, building permits and environmental constraints
Validation of producible assumptions and selling prices
Financial modelling and evaluation
Performance analysis, failure risk, insurance and O&M conditions
Recommendations on investment suspension conditions: wind counter-study; site inspection; acoustic counter-study; geotechnical sampling...
Regulatory due diligence
Regulatory due diligence involves assessing regulatory risks for the new buyer and making recommendations on the additional steps that may be necessary to take, as well as on the suspensive clauses to secure the rights of the new buyer of the wind project company holding the various building and/or operating authorizations.
It includes the examination of the following documents:
for the power plant operation: the operating declaration or the operating permit order
for the power plant connection to the networks: the technical and financial proposal or the connection contract, access to the network contract
for the construction or operation of the installation: building permits (including the analysis of the application file, the impact study, the public inquiry...), the ICPE authorization and other required administrative authorizations
for the provision of land and security of accesses: leases, access easements, wind turbine overflight, indemnities agreements, property titles...
for the benefit of purchase obligation prices: the SRCAE or the obligation purchase certificate issued, the purchase obligation contract signed with EDF Obligation d’Achat, the invoices
the operation contracts, the completeness of the O&M contracts, insurance policies
Content / Deliverable
Based on the analysis of these documents, a report is delivered. It contains an assessment of regulatory risks, recommendations on additional steps to take and on suspensive clauses to secure the rights of the future buyer of the project or the wind farm.
Zelya Energy gives an opinion on:
the coherence of the information they contain, in relation to the contractor and the project
missing pieces, possible modifications to be made
recommendations on suspensive clauses ensuring the relevance and quality of the wind project
Technical due diligence
Technical due diligence complements regulatory due diligence. It aims to confirm the technical characteristics and quantify the uncertainties and risks related to the expected production of a wind farm.
More precisely, it aims to:
More precisely, its objectives are:
detect possible inconsistencies between the design and the production, operation and maintenance conditions
confirm the general technical characteristics of the park: resource, losses, efficiency, availability, production
evaluate the uncertainties and risks that could negatively affect these technical characteristics
propose realistic assumptions for the financial evaluation model
advise, list and prioritize the appropriate suspensive conditions accompanying the purchase offer
Content / Steps
To determine the production to consider and assess the uncertainties and risks of variation of its value, we :
collect and analyze essential documents : equipment supply contracts, operation and maintenance contracts, insurance contracts, connection and network access contracts, resource and production study, etc
analyze the technology, the resource and bring a critical eye on the overall sizing of equipment
examine the resource and producible studies
analyze technical clauses of contracts : raw efficiency, availability and production, guarantees and secured
make recommendations and steer any additional audits and tests to be done on site