Everoze advises investor on 31.8MW French wind portfolio

Published July 2018

Everoze was delighted to advise InfraRed Capital Partners (Investment Manager to The Renewables Infrastructure Group Limited – TRIG) on the technical side of a €28 million acquisition of a 31.8MW French onshore wind portfolio. This portfolio comprises two wind farms; Montigny (6 Vestas V100 turbines with 100m hub height) and Rosieres (7 Vestas V110 and 1 Vestas V100 turbines with 95m hub height), developed and currently being built by RES, one of the world-leaders in renewable energy project development.

Everoze’s scope of work included technical review of energy yield assessment, consenting, land securement, grid, tariff, technology and design, structural and environmental suitability, construction and operation contracts, construction program, power purchase agreement and financial model inputs. Everoze’s work also included captured price assessment and support on the off-taker selection. Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items. Through the process, efficient mitigation measures were discussed and agreed between the parties, allowing the technical risk profile of the projects to reach the appropriate level within the challenging project programme.

Both projects are expected to become fully operational in Q4 2018. Everoze will continue to support IRCP with construction monitoring work including desktop review, site visits and wind turbine inspections at take-over.

Gaël Girard-Reydet, IRCP investment executive, commented: “Working with Everoze for the acquisition technical due diligence of two greenfield wind farms proved productive throughout the process. Everoze’s depth of experience is impressive and they conducted the due diligence very effectively. In addition, Everoze is very much client focused and they tried to find pragmatic solutions when needed. Lastly, their support on the off-taker selection have proved highly valuable to us.”

Everoze’s work was led by French partner Justine Malafosse supported by a broader project team including Arnaud Thomé, Jerome Jacquemin and Alexander Klein.