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Copenhagen Infrastructure Partners | Technical due diligence in Texas

Jan 11 2018 | Onshore wind | Due Diligence

Copenhagen Infrastructure Partners (CIP) appointed K2 Management in 2016 as technical advisor performing technical due diligence on the Fluvanna I onshore wind project in Scurry County, Texas. 

The $250m (USD) project, partly funded by CIP and a consortium of banks, delivers electricity into the Texas Interconnection power grid.

The first phase of support to CIP as a project lender included a technical due diligence review, which involved a detailed review of the project to inform CIP’s financing decision.  This review included an assessment and validation on CAPEX and OPEX and delved into the technical aspects of the project to identify project risks and deliver strategies to resolve or mitigate those risks. 

Once the decision was taken to invest in the project, K2 Management was engaged to provide ad hoc support during negotiations and the financial close process.

Our experienced team placed their whole focus on ensuring that CIP’s investment was sound and that any risks were mitigated or minimised.  Our market knowledge and technical expertise was fully utilised to help shape a successful transaction.

We have worked with CIP on several assignments, including its acquisition of the Bearkat I project in Texas.

The 155.4 MW wind farm began commercial operation in December 2017 and consists of 74 Siemens Gamesa 2.1 MW turbines.