With new projects come new risks and opportunities. DNV is acknowledged as a world leader in managing the risk of capital investments in a variety of industries, including onshore and offshore renewable energy projects, wind installation vessels, and a wide range of other marine and land-based applications.
Our independent engineering and due diligence services support investors and owners during project financing, mergers and acquisitions, portfolio financings, and other transactions occurring in the wind industry. Our team has extensive experience preparing independent engineer’s reports for wind energy investors, with a reputation for professional, confidential, and unbiased analysis.
With decades of experience, DNV has earned a reputation for providing independent advice. Our professional staff respects the technical and economic risks and challenges of wind energy projects and has experience evaluating a wide range of risk mitigation strategies.
We use our experience to make certain our clients fully understand investment uncertainties and assist them in developing project structures that work for all participants. DNV conducts due diligence activities under a broad range of circumstances including debt and equity investments on new projects, acquisitions of existing projects or development portfolios, investments in installation vessels to support the offshore wind industry, or investments in new technology.
Partnership with R.W. Beck
In North America, DNV has a long-standing strategic partnership with R.W. Beck to provide independent engineering and due diligence services to the financial industry. R.W. Beck’s 60 years of experience with the power industry and DNV’s in-depth knowledge of the wind energy industry provides an unparalleled combination of capability, credibility, and experience.
For wind project financing, our due diligence assessments commonly address:
- Wind resource and energy projections
- Project documentation, including equipment supply, construction, and warranty agreements
- Environmental and regulatory permits
- Foundation or platform design
- Wind turbine technology assessment and suitability for the project site
- Project engineering and construction oversight
- Performance assessment and testing
- Power market pricing
- Ability to achieve construction schedule and contingency plans
- Pro forma inputs
- Operation and maintenance plans.
During construction, DNV provides construction oversight and monitoring services to identify any schedule delays, quality concerns or other risks. In addition, we typically conduct ongoing performance and operational reviews during the loan term.