Investors and Banks
WINDFOR has long collaborated with Banks and Investors to provide them with the information needed to guide the main business decisions in wind energy market, regardless of the scope of the project, the investment, or the phase of the life cycle of the projects.
Technical support to Banks and Investors is concretized acting as Technical Advisor in Due Diligence on wind energy projects in a development phase or already made.
WINDFOR’s Experts have performed Technical Due Diligence on wind energy projects for more than 6300 MW.
The technical assistance services may cover:
- Permitting Assessment (Licenses, Permit to Build etc.) and compliance of the Executive Design with the one authorized, technical analysis of Prescriptions and Requirements
This activity is intended both to identify all the technical requirements associated with the Permit to Build (for example, how to manage interference with gas and water networks, the archaeological excavations, alerts for flight at low altitude, etc.) that of ensuring that those requirements have been taken into account in the executive design of the wind farm.▸
- Technical Evaluation of Ground Leases and Land Purchase Agreements
This activity has the purpose to identify all the land parcels affected in various ways by the construction of a plant (for example, by the wind turbine position, by the cable ducts, by the overflight of the blades, by the roads inside the plant, etc.) and to verify that the agreements with the various owners of the land will cover in the correct way the necessary easement and rights.▸
- Environmental Assessment of the site of interest
This activity is intended to collect information and data on key environmental conditions of the site of interest (e.g., temperature, precipitation, geology, hydrogeology and geotechnical engineering, seismic situation, accessibility for transportation etc.. ) and to assess whether those conditions are prohibitive to the construction and/or operation of the wind farm.▸
- Technical Assessment of the design of Electrical Works, Civil Works (especially with regard to the foundations of the wind turbines) and its consistency with the Laws, Regulations and Technical Standards in force
This activity has the purpose both to verify the adequacy of some design choices (e.g., sizing of foundations and supports of the wind turbines, dimensioning of the cable network system, choice of the LV, MV and HV switchgear etc.) that to ensure that the whole design of Civil and Electromechanical Works is consistent with Laws, Requirements and Technical Standards in force.▸
- Assessment of the authorization process for the connection to the grid, of the Connection Agreement and of the ability of the plant to meet the requirements of the Grid Code
This activity is intended to verify the compliance with all technical requirements envisaged under the authorization for the grid connection, to identify all the technical requirements laid down in the Connection Agreement and to evaluate the ability of the system to supply the grid services provided by the Grid Code at the point of interconnection with the grid.▸
- Analysis, review and assistance in the drafting of EPC contracts, Purchase of Wind Farm equipment (Wind Turbines and Balance of Plant) and Contracts for the O&M of Wind Turbines and Balance of Plant.
This activity aims to define both the technical and commercial aspects that appear most likely to minimize risks of delays in the construction of a wind farm or risks of malfunctions during the future operation (e.g., timetable of construction works, supply of Wind Turbines and other Wind Farm equipment, payments, contractual guarantees, serial defects, contractual guarantees, availability of wind turbines and BOP, etc..) that assess the level of checks and tests to be performed successfully in order to proceed to the provisional or final acceptance of the Wind Farm (e.g., mechanical completion, start-up and commissioning of the Wind Turbines and the other components of the Wind Farm, Reliability Tests, Punch List, etc..).▸
- Technical assistance during business negotiations
WINDFOR provides technical support during business negotiations for the drawing up of Supply and O&M Contracts of Wind Turbines and Balance of Plant.▸
- Technical Due Diligence on Wind Turbines and Qualification of the Suppliers
This activity aims to define relevant information required for an assessment of the technical and economic capacity of the companies involved in the tenders for the construction of a wind farm (e.g., previous experience, track record, structure of technical and commercial offices, corporate quality plan, capacity to perform tests on the wind farm equipment to be provided, any subcontractors, etc..).▸
- Technical Assistance in the preparation of the Financial Model
This activity is intended to provide the values of the technical parameters to be used for the financial model that Banks or Financial Investor prepare in order to assess the appropriateness of the investment (e.g., the CAPEX and OPEX of the Project, possible extra costs, annual or monthly expected production, etc.).▸
- Site Suitability of the Wind Turbines according to the Standard IEC 61400-12 Ed 3.
This activity aims to define both the basic parameters for the evaluation of the Wind Turbines Class at the point of installation of met mast used for wind resource assessment of the site and to assess the site-specific conditions to adopt as reference for the verification that the suppliers of the wind turbines must provide in order to demonstrate, in accordance with the provisions regarding the technical regulations in force, that the wind turbines proposed for the wind farm are suitable for the site and the layout without reduction of the nominal life of the project.▸
- Assessment of the Expected Production (P50%, P75% e P90%), Long-term Analysis and Uncertainty Analysis
The wind resource assessment of a site is one of the most important activities on which is based the development of a wind farm, because of it has the aim of an assessment as accurate as possible of the available wind resource at the site, because even modest errors in this evaluation mean significant losses of expected production. Therefore this activity must be conducted with great care and expertise, starting from the choice of the number of met stations to be installed and the height of measurements, the length of the measurement period and the wind data management and processing.
WINDFOR is widely recognized as a leading company in Site, Wind and Energy Assessment of wind projects, being able to provide added value to the analysis due both from the contribution resulting from the availability of wind data coming from an owned wide network of met masts installed and from the use of effective and consolidated methodologies (that consider also CFD Analysis), proven by the Track Record available on this activities.▸
- Monitoring of the Construction, Commissioning and Testing phase of the Wind Farms, On Site and Wind Turbine Inspections, Monitoring at the end of Construction
This activity aims to assess the progress of the works during the construction of a wind farm performing, in particular, the monitoring of the overall organization of the site, the compliance with the requirements for the safety and health of workers, the technical progress of civil and electromechanical works, the accounting progress of the expenses, the tests on the wind farm equipment, the existence of the technical conditions for the Wind Farm Take Over, the start of the commercial operation and the compliance with the requirements of the EHS Guidelines (Equator Principles).▸
- Monitoring of the Operation, Wind Farm and Wind Turbines Performance Assessment, analysis of the O&M activities performed on the Wind Farm.
This activity is intended to minimize operational risks, assess the quality of the services provided during ordinary and extraordinary maintenance on the components of the Wind Farm, evaluate the operating results and compare the expected performance with the actual performance through the Performance Matrix or the Artificial Neural Network approaches (Benchmarking), analyze malfunctions and breakdowns of Wind Turbines and Balance of Plant, identify and resolve issues concerning the operation of the plant.▸
- Short and Medium Term Forecasting of Climatology and Production
WINDFOR, also in cooperation with known international institutes of meteorology, develop and provide forecasting models of short, medium and long-term climatology as well as of the corresponding production of wind farms. Applications for short-term (24-72 hours) are required in managing technical and commercial relationships with the grid Owner to which the wind plants are connected. Forecasts dealing with medium or long term are useful in the preparation, by the wind farm owners, of the budget or can support the development of new initiatives, especially where there is no availability of consolidated databases.▸
Many professionals in the renewable energy sector are based on the WINDFOR’s tailored training programs, which provide the main knowledge for the assessment and understanding of the basic technical aspects in wind and solar energy.
WINDFOR is active in Training services providing to the Operators of the wind energy market customized courses related to all technical and managerial aspects that guide the main business decisions.▸