Agreement sees Greensolver provide advisory services on 500MW French wind acquisition
Greensolver, the independent technical expert for wind & solar assets, was selected by Envision Energy, a leading global smart energy solution provider, to perform technical due diligence advisory work on one of the largest transaction in France this year.
The transaction involved the entity Velocita France with its development team, as well as a portfolio of 500MW made up of 27 wind farms at various stages of development, all located in France. Technical due diligence mission was performed by Greensolver’s team of experts from April to July 2016 with a special focus on wind resource assessment for the 27 wind farms involved in the purchase.
“Before investing we needed to have confidence that the portfolio would deliver its expected return. We sought the technical expertise of Greensolver to ensure a robust evaluation that would provide that level of certainty,” comments Felix Zhang, Envision Energy Executive Director.
As one of the leading global energy players and a top ten turbine manufacturer, Envision Energy is looking to expand its European presence by delivering world-class renewable energy projects that reduce global dependence on fossil fuels and serve the countries and communities in which they are developed.
“Entering a new market is not always easy, especially when you are combining teams, structures, and underlying assets. We are proud to have been selected by Envision to accompany their European development, and provide them with expert feedback and findings on the European and French market in particular. Over the years, it is great to see a fast-growing number of industry players trusting us to be their advisor on these type of transactions; it is very rewarding for our team, as we feel we are contributing to shaping the future of our industry.” adds Guy Auger, Greensolver CEO.
Thanks to this technical due diligence mission, Greensolver now benefits from 7.7GW of experience.