Greensolver, the independent technical expert for wind & solar assets, was selected by Canadian renewable energy producer Innergex to provide onshore wind due diligence advisory work on one of the largest under-construction renewable portfolio in France. Greensolver provided expert feedback on 119.5 MW of French onshore wind assets.

Conducting the onshore wind due diligence

The transaction involved a portfolio of three wind farms, made of 43 GE turbines, totaling 119.5 MW, all located in the Bourgogne-Franche-Comté region of France.

Greensolver’s role consisted of performing a technical onshore wind due diligence of the projects, including an in-depth analysis of the main contracts (Turbine Supply Agreement; Balance of Plant; Operation & Maintenance; Technical & Commercial Management) in order to identify potential risks and provide Innergex with the necessary comfort to conclude the transaction.

“It is already our fourth collaboration with Innergex and we are very happy that Innergex has once again placed their trust in us to perform the technical due diligence of this important acquisition. Through this kind of work, not only are we able to demonstrate our ability to perform a job meeting short deadlines; but also, to demonstrate our expertise and deep understanding of the French market and its regulations.” comments Guy Auger, Greensolver CEO.

Innergex and Desjardins Group Pension Plan have recently announced a successful acquisition agreement made possible through English investment bank Augusta & Co.

About Greensolver

Greensolver is a global player in the renewable energy sector, and is an independent service provider for wind, solar and storage plants. Greensolver has 2GW under management and has assisted with a total portfolio capacity of 25GW in advisory services.

Greensolver enables a higher deployment of clean energy by optimising generation and capital investment performance of renewable energy assets. This is done through the main core services; construction management, advisory services, including support through the PPA process, technical and commercial asset management.

Do not hesitate to contact Greensolver’s technical experts for any questions that you might have.