Due diligence for investor in Ontario renewable energy projects

June 7th, 2011 by Greg Boutin
Miyanaka dam is JR east's dam for electric pow...

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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
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