Wesley – Lender’s Technical Advisory

September 22, 2016
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Country:  South Africa
Period:  2016 – 2017


Work

Nedbank selected 3E to act as Lender’s Technical Advisor for the 33MW Wesley wind farm in the Eastern Cape Province. The scope of work includes the long term energy yield assessment, the Vestas EPC and O&M contract review, as well as the design review and the CAPEX/OPEX benchmarking. In addition, compliance of the project with the Equator Principles was assessed. After Financial Close, 3E will monitor the construction on behalf of the Lender, with monthly site visits and quality audits, as well as drawdown reporting and assistance before Take Over. The project has been developed by Innowind, the EDF-EN subsidiary active in South Africa since 2011.