Leading renewable energy and infrastructure consultancy, Natural Power, has completed due diligence on behalf of GE Energy Financial Services (GE EFS) and Green Investment Group Limited (Green Investment Group), part of Macquarie Group (Macquarie) for the acquisition of the 650-MW Markbygden ETT onshore wind farm in Northern Sweden, which reached financial close on 7th November 2017.
GE EFS and the Green Investment Group formally partnered to acquire the project from Swedish firm Svevind, which has been developing the scheme since 2002.
In support of the transaction, Natural Power provided extensive due diligence services including a review of contracts, project construction schedule, work in progress, site design, planning consents including environmental restrictions, and the project financial model.
As Markbygden moves forward, Natural Power will provide construction and operations monitoring – reviewing progress on the project based on the owner’s engineers’ reports, site visits, and assessing project spend versus budget, reporting to the lenders. Natural Power will also continue reporting on the operational performance of the project.
For more information about the deal, please visit http://greeninvestmentgroup.com/news-and-insights/2017/ge-and-green-investment-group-to-deliver-650-mw-of-onshore-wind-to-sweden/
Find out more about Natural Power’s due diligence services here https://www.naturalpower.com/our-services/due-diligence/
About Natural Power
Established in the mid 1990s, Natural Power is a leading independent renewable energy and infrastructure consultancy employing more than 340 renewable energy experts worldwide. The company offers proactive and integrated consultancy, management and due diligence services, backed by an innovative product range, across the onshore wind, offshore wind, wave, tidal, renewable heat, solar pv and hydro sectors, whilst maintaining a strong outlook on other new and emerging renewable energy sectors globally.