Natural Power has provided technical due diligence to support the refinancing of Valorem’s Project Atlas, a 192 MW portfolio of renewable energy assets in France.
The transaction involved the refinancing of €220 million and the legal restructuring of 15 renewable energy assets, comprising eight onshore wind farms, six operational solar photovoltaic (PV) plants and a battery energy storage project.
Natural Power was appointed as technical advisor to the lenders and carried out technical due diligence across the portfolio. Its assessment covered the technologies used, operational performance, grid connections, electricity offtake arrangements, operations and maintenance contracts, asset management agreements and the technical assumptions underpinning the financial model.
