MANDATE II
Technical Due Diligence (TDD)
Independent technical underwriting for funds, DFIs, and commercial lenders financing utility-scale Solar PV, BESS, and Hybrid assets. We re-simulate long-term P50/P90 yields, calibrate satellite irradiance, and model battery capacity fade curves to structure bankable green-debt frameworks.
Capital Risk Diagnosis
Pre-Close Financial & Technical Friction
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Thermal Model Inflation: Unexamined temperate PVSYST projections masking severe 40°C+ ambient derating and HVAC parasitic losses.
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Commercial Blindspots: Unverified EPC Bill of Materials (BOM) hiding substandard Tier-2 component substitutions.
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Execution Exposure: Unchecked single-line diagrams (SLDs) creating catastrophic grid-code non-compliance at synchronization.
Underwriting Risk Diagnosis
Long-Term Debt & Covenant Exposure
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Base-Case Yield Variance: Over-optimistic P50/P90 generation assumptions act as a hidden tax on project returns, exposing debt covenants to imminent failure during seasonal thermal peaks.
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Long-Term BESS Fade Exposure: Unverified degradation curves and unbudgeted augmentation schedules routinely fail to match the required tenor of the senior debt facility, creating stranded asset risk.
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O&M Cost Underestimation: Unrealistic operational expenditure (OpEx) assumptions persistently ignore mid-life inverter replacements, thermal management costs, and routine auxiliary power consumption.
UNDERWRITING SCOPE
5 MW TO
100 MW+ PORTFOLIOS
Lender's Technical Advisor (LTA) | Independent Engineer (IE) | Debt Refinancing Audits
Technical Execution Methodology
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Empirical Yield Re-Simulation: We stress-test historical weather data, calibrate satellite irradiance, and model 40°C+ ambient realities to establish an unshakeable, empirically backed long-term P50/P90 yield.
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Asset Integrity Forensics: We execute uncompromising physical and remote audits covering single-line diagrams, earthing protection, and switchgear telemetry.
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Financial Model Reconciliation: We align our modeled battery capacity fade curves and future replacement CapEx schedules directly into the underwritten debt model, eliminating operational surprises.
Institutional Output & Action
Primary Deliverable: Bankable Lender’s Technical Due Diligence (TDD) Report
Investment Committee Utility: Directly insulates Debt-Service Coverage Ratios (DSCR), satisfies rigorous syndicate underwriting conditions precedent (CPs), and secures credit committee approval.