Technical Due Diligence on two Greek BESS projects: Totaling 200MW / 400MWh (GRC) 

As the Lender Technical Advisor, Greensolver conducted Technical Due Diligence for two standalone BESS assets 100MW/200MWh in the context of the project’s financing.

The scope of the work covered:

  • Regulatory:
    • Review of grant requirements and tracking of its development
    • Application of evolving regulatory requirements to technical specifications and financial model
  • Technical:
    • Review of Narada’s BESS
    • Review of the permits and licenses
    • Site Assessment and Review of the proposed layout
    • Design review and capacity to operate on primary reserve markets
    • Contracts review (Supply Agreement, EPC, O&M, LTSA, and Aggregation)
    • Augmentation Strategy Evaluation
    • Review of grant compliance
  • Financial:
    • Review of the financial model, validating assumptions and proposing suitable parameters where required CAPEX, OPEX, budgets, revenues)
    • Review of grant compliance

Through the Greensolver’s audit of the project, the technical review resulted in:

  • Site layout and system design revision, ensuring regulatory and grant compliance
  • Financial Model parameters revision, reflecting realistic-world conditions and up-to-date market information.

Written by Nikko Talplacido