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Technical Due Diligence Service specification and capabilities Bas Vet 16 February 2017
Technical Due Diligence
Service specification and capabilities
Bas Vet
16 February 2017
16 February 2016
Contents
Why Solar?
Why Royal HaskoningDHV?
Approach Technical Due
Diligence
Team
References
Picture: PV demonstration project, Amsterdam
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16 February 2016
Why Solar?
3
Picture: PV demonstration project, Amsterdam
16 February 2016
“Solar is going to overtake everything!”
4
John Wellinghoff, president US Federal Energy Regulatory Commission
Environment
Trusted Quality High ROI
Declined cost
16 February 2016
Why Royal HaskoningDHV?
5
Picture: PV demonstration project, Amsterdam
16 February 2016
Why Royal HaskoningDHV
Solar Engineering Expertise
10+ years experience in solar
100+ years in electrical
engineering
Global presence means local
experience everywhere
Multi-Disciplinary team
One-stop-shop for all
engineering, permitting,
environmental, procurement and
contracting questions
Pro-active approach
Open communication
Immediate responsiveness
Foreseeing risks before they
occur
Ahead of market-practice to
prevent issues
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Experience, complete service, pro-active
Picture: 20 MWp PV project, Bouloc, France
16 February 2016
Technical Due Diligence
7
Methodology & Approach
Picture: PV demonstration project, Amsterdam
16 February 2016
Technical Due Diligence
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Standard process
Phase I
•Assessment of: Site features Solar Resource, Energy yield Technology Design Grid connection Contracts Financial model
FC1 Phase II
•Construction Support & monitoring, Disbursment of milestones, Commissioning and Provisional Acceptance
COD2 Phase III
•Semi-annual inspections, final acceptance annual yield reports & analysis
1 Financial Close 2 Commercial Operation Date
16 February 2016
Technical Due Diligence
Site Assessment
•Infrastructural networks
•Geotechnical (/structural) and topology analysis
•Shading / site specific issues
•Analyze PV Design Options
Energy yield assessment
•Resource assessment (meteorological study)
•Energy production analysis
•Module, inverter, tracker models
•First year and 20-year analysis
•Uncertainty, P50, P75, P90
Financial model review
•CAPEX evaluation
•O&M evaluation
•Financial analysis
•Variation analysis
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Phase Ia: Due diligence phase
16 February 2016
Owner’s Engineering
Permit review
• Environmental permits
• Environmental and social impact assessment
• Land rights
• Building permission
GCA & PPA review
• Grid Connection Agreement
• Power Purchase Agreement
• Grid Code & requirements
• Transmission & evacuation infrastructure
EPC and O&M contract review
• Engineering Procurement and construction contract
• Operation and maintenance contract
• Project timeline
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Phase Ib: Contract review
16 February 2016
Owner’s Engineering
Design Review
•PV Industry ‘good practices’
•Grid code compliance
•Structural/Geotechnical compliance
•Interconnection studies
Technology review
•Main components (PV module, inverter, tracker, racking & transformer) characteristics
•Warranties & conditions
•Aftersales organisation
•Track record
•Certification
Opinion on project participants
•Project developer
•Investors
•Technical advisors
•Key personnel
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Phase Ic: technical review
16 February 2016
Owner’s Engineering
Construction monitoring
• Construction progress
• Quality monitoring
• Milestone certificates
• Dispute resolution
System acceptance
• Takeover testing
• Supervision of commissioning & tests on completion
• Provisional acceptance
Operation monitoring
• Semi-annual inspections
• Yield reporting
• Final acceptance
• Analysis of yield
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Phase II & III: Construction and operation
16 February 2016
Team
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Afbeelding: PV demonstratie project, Amsterdam
16 February 2016
Henk Oosterdijk – Senior Solar Consultant
Mr. Hendrik Oosterdijk MSc. is Senior
Consultant & Project Manager Solar Energy
with Royal HaskoningDHV. He has 30 years
of relevant experience in the energy sector,
in project identification & development,
energy, environmental and financial auditing,
Due-Diligences, financial analyses, energy
efficiency technology, energy production
technology, solar energy, engineering,
drawing of specifications, tendering
procedures, evaluations and (EPC) contract
management. Mr. Oosterdijk has executed
over 60 energy (solar, energy efficiency,
renewable, power generation) audits on
behalf of the EBRD in almost all EBRD’s
Countries of Operation. For Investment
Banks he acts as the Lenders Technical
Independent Engineer for transaction
projects. The last 10 years he is mainly
active in Africa and Asia as Lenders
Technical Advisor.
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16 February 2016
Bas Vet – Solar energy consultant
My aim is to help my clients manage the quality and risk of solar energy projects. I love being able to provide the comfort of knowing that quality and risk are taken care of. Bas has 11 years of experience in PV technologies. After graduation as an electrical engineer, he did his PhD on thin film silicon solar cells. Within RHDHV he is involved in a solar energy related projects totaling more than 300MWp, for instance acting as owner’s engineer, lender’s technical advisor, independent energy auditor and power failure investigator. Bas has lead several QA/QC projects for collective PV purchases in the Netherlands (in total over 15,000 households or ~30 MW) and acted as lender’s engineer for technical due diligences of projects, factories and companies. Beside that I can help my clients with a wide range of services in Innovation, Energy and Electrical Engineering.
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16 February 2016
Dion Coumans – Junior Solar Consultant
Since December 1st, 2014, Dion is working
with RHDHV where is predominantly active
within the discipline of Solar Energy &
electrical engineering. During his study at
the Technische Universiteit Eindhoven he
has entertained a multi-disciplinary
curiculum with the focus on on renewable
energy technology.
Therefore he has a background in both
electrical and mechanical engineering. At
RHDHV he works on projects that are
related to the focus markets of the
business unit, which includes solar energy
projects. I love to take challenge in the
optimizing the possible design within the
given requirements and constraints, while
focussing on the user.
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16 February 2016
Selected references
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Picture: PV demonstration project, Amsterdam
16 February 2016
Eldoret, Kenya – 96 MWp
A project developer is developing two ground mounted solar farms of 48 MWp each in Western Kenya. The sponsor, a consortium of the Netherlands Development Finance Company (FMO) and European Investment Bank (EIB), is interested in financing this project. To identify the risks in the project Royal HaskoningDHV is was appointed Lender’s Technical Advisor and performed a Technical Due Diligence. The scope included site assessment, opinion of project participants, technology review, design review, review of project agreements (EPC contracts, PPA and GCA), analysis of financial model, detailed resource assesment and yield forecast.
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16 February 2016
11 Project PV portfolio – 1.6 MWp
A project developer in the Netherlands is
developing a portfolio of 11 PV projects,
totaling 1.6 MWp, supported by SDE+
subsidy. ING is interested in financing
these projects with a loan of €1.5 mio. The
challenge for them is to get a good
overview of the risks within a fitting budget
for such small portfolio
Royal HaskoningDHV has developed a
customized TDD approach, addressing the
key-risks in the project, including yield,
design, technology and warranties.
During the inspections RHDHV made a
number of observations, e.g. missing surge
protection and bad cabling. The developer
addressed them, improving the overall
quality of the project.
ING was happy with our tailored and fitting
approach and the developer was pleased
with improving the quality of the project.
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16 February 2016
Micro-grid Solar & Storage – Indonesia
Our client intends to engage in a strategic partnership with a developer of micro-grids. These micro-grids combine solar energy with energy storage and provide electricity to remote, rural, off-grid communities in Indonesia. First they develop a pilot totalling 40 kWp and electrifying ~500 households on 5 remote islands in Papua. To identify the risks RHDHV performed a technical due diligence. We analysed the technology, the design, the energy production models and the financial models and assessed project developer’s capability. The client was pleased with our technical evaluation and especially valued our knowledge of the cost of components. The cost structure was discussed in-depth and the procurement process was improved. Consequently, both higher profitability and reduced end-user price of energy were achieved. This contributes to the affordable electrification of Indonesia even in remote areas and benefits the development of the Indonesian welfare and society as a whole.
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16 February 2016
Katsina, Nigeria – 80 MWp
Pan Africa Solar Limited (“PASL”) with its headquarters in Nigeria is developing a sustainable energy project in Northern Nigeria. The shareholders JCM Capital, Marcus Heal and Babafemi Olushehun Obasanjo (together the “Sponsor”) are seeking to finance PASL, which is currently developing an 80 MWp PV solar power plant in Katsina State in Northern Nigeria (the “Project”). Sponsor is seeking to raise up to USD 130 million debt financing for PASL and has requested The Netherlands Development Finance Company (“FMO”), to arrange the financing for the Project. Besides FMO Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG) and la Société de Promotion et de Participation pour la Coopération Economique (“PROPARCO”) and a number of other financial institutions are envisaged to participate in the financing (together the “Lenders”). FMO assigned Royal HaskoningDHV for the services of an independent Lenders Technical and Environmental & Social Consultant (Lenders Technical Advisor - LTA) to perform a Technical and E&S Due-Diligence of the Project considered for financing.
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16 February 2016
Rwanda - 8,5 MWp
Site: Agahozo-Shalom Rwanda
System: tracking one-axis
Role of Royal HaskoningDHV:
Technical and Environmental Due
Diligence
Social Due Diligence
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16 February 2016
Dunea Scheveningen – 1,5 MWp
Site: Drinking water station
Pompstation Scheveningen
System: roof-mounted PV-systems
Role of Royal HaskoningDHV:
Technical feasibility
Market consultation
Businesscase
Tendering en contracting
Supervision during construction
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16 February 2016
Parnassia The Hague – 1,2 MWp
Site: Mental health care locations in
The Hague and Castricum
System: 8 roof-mounted PV-systems
on 3 different locations
Role of Royal HaskoningDHV:
Tendering en contracting
Supervision during construction
Mental health care is provided on
the locations so safety aspects are
very important for this project
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16 February 2016
Floating Solar Park Bergerden – 1,6 MWp
Site: Irrigation pond for commercial
horticulture
System: floating solar
Role of Royal HaskoningDHV:
Tendering en contracting
Supervision during construction
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16 February 2016
Haak om Leeuwarden – 7 MWp
Site: Roundroad Leeuwarden
System: 4 solarfields
Role of Royal HaskoningDHV:
Design
Permit application
Development of business case
Tendering of the concession
Project management
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16 February 2016
Solarpark Laarberg – 2 MWp
Site: regio Achterhoek
System: solarfield
Role of Royal HaskoningDHV:
The tender strategy
Tender procedure
Concession agreement
Lease agreement
Business case
Technical design
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16 February 2016
Frisomat Belgium – 1,4 MWp
Site: Factory Frisomat belgium
System: roof-mounted
Role Royal HaskoningDHV:
Business case
Technical lay-out
Tendering en contracting
Supervision during construction
Monitoring performance
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16 February 2016
County Hall The Haque – 75 KWp
Site: County Hall province of South-Holland
System: roof-mounted
Role Royal HaskoningDHV:
Business case
Tendering en contracting
Supervision during construction
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16 February 2016
City Hall Amersfoort – 50 KWp
Site: City Hall Amersfoort
System: roof-mounted
Role Royal HaskoningDHV:
Business case
Tendering and contracting
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16 February 2016
Maastricht University – 50 KWp
Site: Maastricht University
System: roof-mounted
Role Royal HaskoningDHV:
Feasibility study
Design
Business case
1 5 6 2
3 4
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16 February 2016
Solarpark AVRI Geldermalsen - 9,3 MWp
Site: AVRI (waste management company)
Geldermalsen
System: Ground-mounted
Role:
Feasibility study
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16 February 2016
Reference projects (continued)
El Gouna energy neutral brewery (Egypt)
Royal HaskoningDHV investigated the power requirements for the
process installations, collected data for a reliable solar forecast and
advised on the feasbility of the project.
Jeddah City, Calculation production solar cells in elevated tracks
Eneco Headquarter Rotterdam, Technical and electrical
engineering
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16 February 2016
Reference projects (continued)
Feasibility study solar energy City Hall, Dalfsen (NL)
Royal HaskoningDHV has analysed the feasiblity of roof-
mounted solar energy; this included technical calculations
(shadowing, roof strength and wind resistance) as well as
financial and legal aspects.
Solar energy Water company, Limburg (NL)
Royal HaskoningDHV has assisted the Water Company Limburg
(WML) in (the preparation of) tendering, permitting and
engineering of a solar energy system.
Solar panels Royal HaskoningDHV, Lisbon (PT)
Royal HaskoningDHV Portugal is committed to the strategy of
attaining carbon neutrality and incorporating environmental
sustainability into its business. This project is a significant step
towards achieving this goal.
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Solar energy plants
Owner’s Engineering
Dr. Ir. Bas Vet
0624877262
www.rhdhv.com
