Natural Power has provided full Lender’s Technical Due Diligence services for a portfolio of four wind farms in Northern France on behalf of funding banks Nord/LB and HSH Nordbank.
Diamond Generation Europe, a subsidiary of Mitsubishi and EDF Energies Nouvelles (EDF EN), has secured a €100 million non-recourse debt package with two leading lenders to finance the construction of the projects. The wind farms, which have a combined output of 72MW, are located in the Nord-Pas de Calais and Picardie regions. Natural Power’s French team have provided the following services in order to secure the financing: BoP and EPC contracts review and gap analysis, business plan review, including validation of assumptions book, technical review of land lease agreements, audit of energy production assessment, acoustic risk and reassessment of curtailment, building permit and consent discharge review, balance of Plant – grid connection review. Natural Power will also provide construction monitoring and drawdown validation on behalf of the funding banks throughout the build out process, and afterwards during the operational phase.
