With the UK’s onshore wind industry calling on Government to establish a new strategy for the sector, a lot has been said of the potential for repowering existing projects and whether these projects can be delivered in a post-subsidy environment. Will Sheard, Global Due Diligence Manager, explores onshore wind's end of life options.
We have supported Cubico in several operational projects to deliver operational performance reviews, assessment of long-term energy yield and calculation of uncertainties.
Contour Global engaged us in supporting the move from a basic O&M setup to full O&M strategy.
We undertook detailed turbine inspections on onshore assets, as part of a technical due diligence scope.
We took a new approach to operational assessment to solve significant underperformance issues on an Asian onshore wind farm.
Download K2 Management's Operational Wind Farm - A Buyer's Guide
As the risk of failing to accredit increases, many buyers are sensibly choosing to delay investment until projects are up and running.
While operational assets are not subject to the same licensing, construction and commissioning risks as pre-construction projects, they do still present significant pitfalls related to long-term energy yield.
We regularly conduct operational analysis that uncovers flawed projections, resulting in revenue over-estimates of hundreds of thousands of pounds per year.
Likewise, we sometimes see the reverse which can present valuation opportunities.
Download this report to see some real examples of this in action, and to get insights from us in our Buyer's Guide.