France: Elicio appoints Greensolver for turbine due diligence

Greensolver, the independent wind and solar farm asset manager, has been selected by Belgian renewable energy generator Elicio to provide a technical due diligence report on the Gamesa G97 technology and the O&M set-up for an 18 MW wind project in Picardie, France.

With the wind industry looking to secure continued investment, and, in this case, bring new technology to market; ensuring that lenders and investors are able to validate crucial early decisions is key to safeguarding future interest from the fund community.

The Elicio order will see Greensolver provide its Procurement Advisory services to conduct an audit on the Gamesa G97 turbine technology and the O&M set-up in France.

“The challenge that developers and investors face is knowing which purchasing decision will provide the best and most consistent performance over the lifetime of the project” said Carla Vico, Technical Director, Greensolver.

“By working with an experienced and independent third party, developers and secondary investors can have the confidence that the turbines chosen provide the best return on investment, and that the following O&M agreements are of good value.”

Mr. Peter Goderis, Director Engineering & Construction at Elicio commented: “In bringing new technology into our project, we were looking for some neutral third party analysis and expertise to validate our purchasing decision. Commensurate with this was also the desire to understand exactly what our operations and maintenance package would provide, too.”

Partnering with Greensolver on this assignment enabled us to assess our options and make a decision that was not only good for the initial supply agreement, but will also provide us and our project investors with confidence for the lifetime of the project.”

Over the last 8 years, Greensolver has successfully negotiated competitive supply agreements for 800MW of wind turbines throughout Europe.