Renewable energy consultancy and service provider Natural Power has delivered technical support for the financing of the ready-to-build Romazières wind farm in France.
Natural Power provided technical due diligence and construction monitoring on behalf of the lender, BPCE Energeco, to support the completion of project financing for the 21.6MW project.
French renewable operator Energiter, formerly known as Eurocape, is developing the Romazières wind farm.
The project, located in the Nouvelle Aquitaine region in the west of France, consists of six wind turbine generators.
Construction director at Natural Power Fabien Vacher said: “The experience of our French construction team in the balance of plant phase enabled us to focus on the key milestones within our lender’s technical adviser role.
“In addition, the robust due diligence performed internally, combined with our close client collaboration, will strengthen the successful delivery of this project.”
The technical due diligence phase included detailed contract reviews of construction contracts, the turbine supply agreement and balance of plant (BoP) contract, as well as the operation and maintenance (O&M) and grid connection agreements, asset management agreement (AMA), and a review of the construction schedule.
Natural Power also reviewed the routes to market including Contract for Difference and aggregation contract, as well as reviewing the technical inputs of the financial model.
The team has previously performed an independent Energy Yield Analysis (EYA) for the project and is currently updating this EYA in the context of another mandate.