Services: Feasibility and Due Diligence/Construction Monitoring
Client: Large Wind Farm Owner/Operator
Client Objective: Secure an investment-grade rating in anticipation of bond issue for large wind farm.
Engagement Description: E3 Consulting was retained by an owner/operator to help it secure an investment grade rating on a 150 MW wind farm (a challenging endeavor).
Services provided by E3 Consulting included:
- Monitoring construction to ensure the project would be commissioned in time to qualify for the Production Tax Credit (PTC)
- Estimating maintenance requirements and turbine availability and develop associated financial models
- Recommending an appropriate maintenance reserve
- Preparing and presenting the case for investment grade rating to the rating agency
Client Result: The rating agency awarded the project an investment-grade rating based on E3 Consulting's opinion. The owner/operator was able to complete a successful bond issue for the project.