Technical Advisory

Technical Advisory2019-06-20T08:26:10+00:00

Thanks to its strong technical background and the extensive experience gained by its team in development and construction of renewable energy projects, RENAM has over time expanded the scope of its activities, including full technical due diligence services as well as project management in the construction phase for clients.

Some of the main services provided are:

RENAM provides independent technical advisory to support financing and M&A transactions in the renewable energy sector.
RENAM can carry out full technical due diligence, focused on evidencing any actual or potential investment risk factors.
The technical due diligence performed by RENAM typically includes desk analysis and site inspections, performed by experienced and skilled professionals.

Some of the areas usually covered are:

  • Compliance with the constrains and obligations included in the planning permission.
  • Fulfilment of the GSE requirements needed to receive the feed-in tariff.
  • Review of preliminary and final design of the plants.
  • Assessment of the plant’s main component (technical review: technology suitability, model and manufacturer track records, certifications, warranty validity, etc.).
  • EPC contract(s), O&M contract(s) and other relevant agreements.
  • Technical and finance assumptions reflected in the financial model.

Moreover, RENAM provides to its clients:

  • Independent assessment of yield and plant performances.
  • Site visits to monitor progress of construction works and compliance with planning permissions and other obligations.
  • Specific site investigations, e.g. thermographic inspections, IV curves and further functional tests.

RENAM supports clients in the project management and owners’ engineering during the construction phase, with a full service assistance from signature of the EPC contract to “Preliminary Acceptance Certificate”, in order to ensure that the plant(s) are completed on time and on budget, according to specifications of the EPC Contract and of H&S laws and regulations.

Some of the tasks performed by RENAM are:

  • Detailed project review and check on compliance with the obligations included in planning documents, land rights agreements and client’s specifications.
  • Assistance to the purchaser’s technical advisors.
  • Preparation and monitoring of a project timetable, monitoring the works on-site and notifying the owner in case of potential risks.
  • Managing the EPC contract, including validation of payment certificates, change orders, management of claims etc.
  • Managing the “Preliminary Acceptance Certificate” phase, including review of the post-connection punch lists.

RENAM provides technical advisory to support lenders in financing/refinancing operations and insurance companies in the evaluation of direct damages and loss of profit analysis, in both PV and wind sectors.

Some of the areas usually covered are:

  • Technical analysis.
  • Evaluation of finance assumptions in relation to the producibility and costs (Capex and Opex).
  • Historical analysis of the operation of the plants: management, main events, status of all the main components of the plants etc.
  • Fulfilment of the GSE requirements.
  • Permitting.
  • Adequacy of security systems.

Thanks to the multidisciplinary experience and versatility of the approach, RENAM provides specific engineering assessments to its clients with an impartial and professional point of view.

  • Independent assessments (perizie).
  • Second opinion on valuations and due diligence reports performed by third parties.
  • Assistance for the development of greenfield renewable energy projects.

Thanks to its long-lasting experience in the renewable energy industry RENAM is often involved by its clients in the process of developing greenfield PV and wind energy projects.

Some of the tasks performed by RENAM are:

  • Supervision of the authorization process.
  • Assistance in the final design (progettazione esecutiva) in compliance with the authorization requirements.
  • Validation of technical solutions adopted in the design of the plant(s).
  • Supervision of negotiation and subscription of land rights agreements.
  • Identification of optimal electrical configuration and connection to the grid.