About
Sustainable Energie Partners develops renewable energy projects including solar, wind, biomass, energy storage, hydro incl. PHES and waste to energy. We operate in Europe, Latam and Australasia including the Pacific.
We arrange bank debt and equity investment from institutional investors and SEP.
Overview
We have considerable expertise in developing renewable energy projects, structuring the assets for investment, and conducting the ongoing management of the assets.
Sustainable Energie Partners’ team has extensive experience in the following:
- Arranging the acquisition of the asset.
- Managing the assets.
- Arranging debt for acquisitions.
- Structuring efficient international cross-border investment vehicles.
- Maintaining risk management strategies and hedging of foreign currency returns.
- Managing interest rate exposure.
Completed Transactions
Sustainable Energie Partners has advised on renewable energy projects in solar, wind, biomass, waste to energy and energy storage.
Solar Energy
Sustainable Energie Partners has advised on the financial packaging and acquisition of solar photovoltaic projects totalling 327 MW in Germany, UK, France, Italy and Spain.
Additionally, we have developed 15 projects totalling 60 MW with a total sale value of €374M as follows:
| Project | Location | Size (MW) | Cost / MW | Type of installation |
|---|---|---|---|---|
| La Puebla | del Rio, Andalucía, Spain | 2.1 | €6.7M | Fixed |
| La Mancha | Jaen, Andalucía, Spain | 3.8 | €6.8M | Fixed |
| Avila | Avila, Castile y Leon, Spain | 2.4 | €7.4M | Double Axis Tracking |
| La Mancha | Jaen, Andalucía, Spain | 4.2 | €6.3M | Fixed |
| Badajoz | Extremadura, Spain | 7.6 | €8.1M | Tracking |
| Ciudad Real | Castilla la Mancha, Spain | 6.1 | €8.0M | Tracking |
| La Ronda | Badajoz, Extremadura, Spain | 5.3 | €6.1M | Fixed |
| Arevalo | Castile y Leon, Spain | 4.0 | €6.0M | Fixed |
| Toledo | Castilla la Mancha, Spain | 1.3 | €6.2M | Fixed |
| Castelmaure | Languedoc-Roussillon, France | 5.0 | €6.2M | Fixed |
| Huelva | Andalucía, Spain | 4.7 | €6.6M | Fixed |
| Caceres | Extremadura, Spain | 2.6 | €6.4M | Fixed |
| Albacete | Valencia, Spain | 3.1 | €7.1M | Fixed |
| Brindisi | Puglia, Italy | 4.0 | €4.5M | Fixed |
| Bari | Puglia, Italy | 3.3 | €4.2M | Fixed |
Completed Renewable Energy Transactions
Sustainable Energie Partners has advised on renewable energy projects in solar, wind, biomass, waste to energy and energy storage.
Solar Energy
Sustainable Energie Partners has advised on the financial packaging and acquisition of solar photovoltaic projects totalling 327 MW in Germany, UK, France, Italy and Spain.
Additionally, we have developed 15 projects totalling 60 MW with a total sale value of €374M.
Wind Energy
The team has advised on the structuring and acquisition of wind parks totalling 237MW with a total purchase price of €355M.
Biomass
The team has advised on the acquisition of various types of biomass projects exceeding 100MW. Sustainable Energie Partners will be aggregating a portfolio of solar parks in the EU with a select group of institutional investors.
Wind Energy
The team has advised on the structuring and acquisition of wind parks totalling 237MW with a total purchase price of €355M.
| Project | Location | Size (MW) | Acquisition Price | Turbines |
|---|---|---|---|---|
| Wattle Point | South Australia | 91.0 | $228M | 55 Vestas V82 1.65 MW |
| Garben | Germany | 17.0 | €19.5M | Vestas |
| Starfish Hill | South Australia | 34.5 | $45M | 23 Vestas NM64C |
| Hallett | South Australia | 94.5 | $210M | Suzlon 45 S88 2.1 MW |
Biomass
The team has advised on the acquisition of various types of biomass projects exceeding 100MW. Sustainable Energie Partners will be aggregating a portfolio of solar parks in the EU with a select group of institutional investors.
| Project | Location | Size (MW) | Cost / MW | Type |
|---|---|---|---|---|
| Rocky Point | Bundaberg, Queensland | 30.0 | $1.2M | Bagasse and wood waste |
| Bundaberg Sugar | Beenleigh, Queensland | 25.0 | $1.6M | Bagasse |
| Logan Power | Logan, Queensland | 12.0 | $1.3M | Woodchip |
| Desmet Ballestra | Cadiz, Spain | 14.0 | €2.0M | Bio-diesel |
| Barmat | Bulgaria | 19.0 | €1.8M | Soybean and rape seed |
| US Diesel | Wyoming, USA | Bio-diesel | $55M | Rape seed |
| Anda | Spain | 200,000 tonnes | €21M | Bio-diesel |
Capabilities
Case study on the acquisition of Spanish solar pv park. SEP performed the following:
- Identified the projects through long-standing relationships maintained in the international energy and utilities industries. The industry relationships are with utility companies, EPC contractors, and solar energy developers in Europe.
- Negotiated the acquisition of the assets with the developer. These negotiations involved the selling price and the payment terms during construction and the adjustment to the purchase price on completion.
- Conducted the due diligence process and interviewed four technical consultants and three law firms in and negotiated the scope of work and fees. The scope of work was expanded to include a full review of all equipment performance, panel degradation and all supply contracts. guarantees and warranties from all equipment suppliers were renegotiated to ensure all operating risks were adequately covered.
- Appointed the technical consultant and legal advisor and managed the compilation of their respective reports. All reports were reviewed for adequacy and detail and further information was obtained from all consultants as the process progressed.
- Discrepancies in energy production due to differences in output performance ratios were resolved.
- All issues relating to warranties of equipment were amended to meet the Lender’s requirements and further documents were requisitioned.
- Arranged the transaction structuring including identifying relevant tax issues. Various structures were analysed which involved the analysis of different tax regimes. Advice was sought from international tax consultants in London and Madrid to devise the most efficient tax structure for the transaction.
- Negotiated the Letter of Intent (LOI) and sale and purchase agreement (SPA). The LOI was drafted by London and Madrid lawyers and then reviewed by Sustainable Energie Partners prior to presenting it to the seller. The LOI provided adequate time for the completion of due diligence and further negotiations on the SPA and other payment details.
- Negotiated the SPA and sought extensive legal advice from the Madrid lawyers.
- Negotiated and arranged competitive term sheets from leading UK/International banks for 18 to 20 year term facilities.
- Conducted further negotiations on price with sellers.
- Conducted the financial modelling and analysis on the transaction and established a detailed monthly financial model which incorporated all actual operational results for investors and debt providers. The base case model included all bank assumptions including optimisation of bank debt and sizing and terms of bank debt.
- Developed full procedures for the construction management where required.
- Advised on the selection of contractors including management of EPC tender.
- Reported on the construction process.
- Advised on materials selection.
- Consulted on engineering design.
Ongoing Project Management
The ongoing management provided by Sustainable Energie Partners includes:
- Ensuring generation and revenues are maximised through the management of the O&M contractors.
- Management of the debt facilities.
- Providing tax, accounting, audit and regulatory administration of the various SPVs.
- Management of the land lease.
- Management of construction obligations and warranty period.
- Regulatory and compliance with local and regional governments.
- Providing monthly performance reports to the investor.
Future Strategy
Sustainable Energie Partners is expanding its capabilities in sourcing renewable energy assets in Europe, Asia and North America.
Additional projects will be sourced through our existing network of developers and EPC contractors.
Sustainable Energie Partners will be aggregating a portfolio of solar parks in the EU with a select group of institutional investors.