MYOSOTIS lender technical due diligence

Published February 2022

Everoze was delighted to advise LBBW on the debt financing of the MYOSOTIS wind farm located in Ardennes, France. The wind farm has been developed and will be built by H2AIR. The wind farm will have 12 Vestas V150 wind turbines for a total capacity of 42.6MW and will be connected to the 66kV transportation network through H2AIR private substation.

Walter Schneider, Project Finance Energy Director at LBBW indicated: “Everoze supported us as technical advisor during the whole financing process in a very efficient and reliable way. The expertise of Arnaud and his team was an important factor in the successful implementation of the project financing in time.”

Everoze’s scope of work included technical review of permits, grid, tariff, land, technology, design, environmental constraints, construction and O&M contracts for the wind farm and the private substation, energy yield and financial model.

Financial close occurred in December 2021. Following financial close, Everoze’s scope of work will consist of construction monitoring, drawdown approvals, site visits, WTG inspections and take-over approval. Wind farm commissioning is scheduled for mid-2023.

Lucie Juhue , Project Finance & Investment Officer at H2air added: “H2air can rely on the fruitful and efficient cooperation with the Everoze team on technical audits of its onshore wind projects financed over the past years. Arnaud and his team were able to deliver a precise and pragmatic analysis of the project Myosotis, adapted to its very specific constraints and the requirements of new lenders. Thank you for your professionalism, expertise and respect of the tight timeline”

Everoze’s work has been led by French partner Arnaud Thomé supported by a broader project team including Brieuc Pey, Maud Vachon and Justine Malafosse.