Renewable energy business in Ontario has taken off, thanks to a well thought-out Green Energy Act (see my article Could Ontario be the next Germany? in Renewable Energy World magazine on the topic, in the specific context of solar power). A financing organization retained GrowthRoute in order to conduct emergency due diligence review on a series of micro-hydro projects.

Work completed

• Creation of risk assessment framework, along with best practices review
• Due diligence report on key risk sources
• In-depth review of financial models
• In-depth review of documents in the context of Ontario FIT contract requirements
• Guided applicant for information acquisition

Key contributions

• Delivered a comprehensive due diligence report within 2 weeks of project start, over end-of-year holiday season
• Developed custom risk assessment framework, to be used by the organization for future projects
• Advisory contribution on financing structure
• Retained as due diligence provider for client’s other projects in solar, wind and biomass power

Tags: cleantech investment, cleantech risk assessment, green energy act, ontario, project risk, project risk framework, risk analysis, technology risk