Risks and Due Diligence for Wind Portfolio Acquisitions
Renewable energy is a growth market, and lender and investor confidence is increasing. However, despite the growth in wind power and in investment opportunities, a number of risks and challenges confront investors within the sector. This paper discusses the key technical factors and risks which influence investment decisions and portfolio values, and outlines the approaches which investors can take to reduce their exposure to risk during investment and acquisition processes which are frequently subject to considerable competition and challenging completion timescales. By drawing on direct experience of several major portfolio transactions considerable insight will be provided into what technical issues most affect investment decisions and the ability to close a deal with minimum risk. For example, our technical review of Airtricity on behalf of the winning bidder, SSE, was conducted in a little over 2 weeks. The paper will outline what the key risks are for portfolio transactions, how they are assessed during the due diligence phase of an investment and acquisition and how large portfolios can be reviewed within short periods of time. Each key risk area is discussed in turn, in a way which makes them relevant to all renewables, but specifically wind energy. Possible risk mitigants are also discussed. While the number of investment opportunities increases, there is a perceived shortage of quality projects and portfolios, which results in investors being exposed to a number of different risks as well as increasing levels of competition for assets and sites. Investors who are new to the sector will also find the conclusions important and relevant to their investment strategies.
wind portfolio risks due diligence
Simon J.Luby
SgurrEnergy Ltd;225 Bath Street,Glasgow,G2 4GZ
国际会议
北京
英文
2008-10-29（万方平台首次上网日期，不代表论文的发表时间）