When Fortum, a major global energy company, explored the acquisition of a large multi-MW solar portfolio in India, they sought a reliable partner to provide precise technical and commercial insights. Firstgreen was engaged as the due diligence advisor to evaluate the portfolio’s quality, performance, and long-term investment viability. The assignment required a holistic assessment of multiple solar assets spread across various locations, each carrying its own operational and contractual complexities.
Firstgreen conducted a rigorous asset evaluation covering key technical parameters such as plant performance history, degradation trends, module quality, and inverter efficiency. Additionally, the team reviewed legal and land acquisition documentation to help Fortum understand potential liabilities and compliance requirements. And also analyzed Power Purchase Agreement (PPA) structures, O&M contracts, and historical generation data to identify risks related to lifecycle performance, downtime, and cost of maintenance. The evaluation also highlighted opportunities for CAPEX optimization and operational improvements that could enhance financial returns.
The final deliverable was an investment-grade report summarizing technical findings, quantified risks, and expected long-term asset behavior. This report empowered Fortum to negotiate effectively, validate asset value, and make a confident investment decision.
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