Due diligence & construction monitoring on a 25 MW solar plant in France

© R. Roig juwi EnR

Copyright: R. Roig – juwi EnR, 2014

3E recently issued the performance analysis and plant acceptance report for the 25 MW Ortaffa solar plant, located in the Languedoc-Roussillon region in the South of France.As Lender’s Technical Advisor for HSH Nordbank, 3E provided a full scope of due diligence services for the project, throughout 2013. 3E’s tasks included, among others, the energy yield assessment, EPC and O&M contract review, module testing, third party construction monitoring and plant provisional acceptance. 3E will also perform a performance verification after the first year of operation at the end of 2014.This project is owned by 123Venture. Development and construction were managed by juwi EnR, after the project was awarded through the first French bidding round for solar PV projects in 2012 (“appels d’offres CRE”).

Commercial operation of the plant’s 290,000 thin-film modules took off successfully at the end of 2013.