Region: Latin America and Caribbean
Sectors: Energy and Power
Keywords: Due diligence, Wind power, Climate Smart, Energy and Power, Energy and Power Core
Terms of Reference: Technical Due Diligence60.82 KB, Terms of Reference: Technical Due Diligence (pdf)254.05 KB
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I. Project Background
1.1 The [Lender] (“LENDER”) is considering providing limited recourse long term financing for the development, construction and operation of a 65 MW wind farm (the “Project”).
1.2 The Project is been developed by [*] (the “Sponsor”) which has established a special purpose company (“Project Company”) for the sole purpose of owning and operating the Project.
1.3 Project Company has entered into three separate 20-year power purchase agreements (“PPA”) with the National Electricity Company (“OFFTAKER”), the state-owned, vertically integrated electricity company for selling all energy produced by the Project.
1.4 Project Company is expected to enter into an EPC Contract with [*] (the “EPC Contractor”) for the construction of the Project and into an Operation and Maintenance Contract with [*] (the “O&M Contractor”). EPC Contractor and O&M Contractor are both controlled by the Sponsor. For additional information about the expected contractual structure refer to Annex A of this TOR.
1.5 The Project will consist of 44 - 1,5 MW wind turbines, which will be produced by EPC Contractor in its manufacturing facilities.
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Tracking Number: TechnicalDueDiligenceWind_Undated_English
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Updated: October 27, 2021