PROJECTS / Consultancy to develop a case for special consideration proposal to the office of the utilities regulation for WWF repowering project

Consultancy to develop a case for special consideration proposal to the office of the utilities regulation for WWF repowering project

Latin America and the Caribbean

April 3, 2024

K&M was hired by the Caribbean Development Bank (CDB) to provide expert consultancy services to Wigton Windfarm Limited (WWF) in its strategic application to the Office of Utilities Regulation (OUR). This collaboration is aimed at supporting WWF’s case for the re-powering of its Phase-I equipment. In this assignment, K&M was tasked with creating a detailed report for the WWF, under the commission of the CDB, to support WWF’s re-powering proposal before the OUR. The report aimed to provide a robust argument for special consideration of WWF’s project, addressing OUR’s concerns about the proposed PPA price, efficiency gains, and the broader implications of the project’s approval. K&M’s role involved presenting market research to underscore the financial model and PPA pricing suggested by WWF, justifying the financial assumptions against market dynamics, and directly responding to the OUR’s feedback. Additionally, K&M proposed a structured methodology for the OUR to evaluate WWF’s and similar future re-powering projects, considering their strategic significance to the national energy landscape. This comprehensive approach was designed to facilitate understanding and alignment between WWF’s objectives and the OUR’s regulatory standards, paving the way for informed decision-making regarding the re-powering initiative.

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Economic and Financial Due Diligenc
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