Due diligence

Due diligence

DNV GL provides a solid underpinning of transactions based on years of experience.

Construction loan financing, conversion of construction loans to term loans, financing and refinancing of existing projects, equipment investment, portfolio debt and equity investment, mergers and acquisitions: the wind industry is heavily dependent on the financial community. Without financial support from banks or investors, very few wind farm projects would ever be implemented.

The financial community, for its part, is dependent on independent assessments of the potential risks involved in wind farm projects. By identifying potential risks and demonstrating ways of mitigating them, independent engineering consultants can help a bank or investor to assess the commercial viability of a project’s finance targets.

DNV GL’s project and portfolio due diligence service covers all of the technical aspects of a wind farm project. Acting as an independent engineer or client’s technical adviser, DNV GL brings extensive expertise and experience to bear in identifying potential areas of risk, searching for possible means of technical and commercial mitigation, and working with the finance targets to agree on the implementation of acceptable mitigations. In this way, the financial community benefits from materially improved targets and reduced risk.

DNV GL reviews all project-related reports, contracts, technical specifications and financial models as well as the detailed design of certain features, for example the turbine, turbine foundation and electrical network. Normally, due diligence will be concluded by a report identifying potential risks and offering suggestions for possible mitigations actions. If required, construction progress can also be monitored and drawdown certification prepared.

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