Mixed tech portfolio refi

Published September 2016

Everoze was delighted to support NAB and Cubico on the refinancing of a multi technology portfolio, featuring the 32 MWp Broxted Solar project, the 21 MW Wandylaw and 21 MW Middlewick wind projects. We applied our Due Diligence on Demand approach, delivering a fresh take on asset risk, leveraging multiple existing Due Diligence reviews undertaken by third parties. We examined opportunities as carefully as risks as part of our ongoing efforts to move Technical Due Diligence beyond a box-ticking exercise.  In line with these principles, we prepared an analysis to estimate the benefit of geographical wind variation as well as wind-solar diversity on portfolio-level revenue uncertainty. This approach increased comfort in the energy production assumptions underpinning the transaction.