K&M was hired by a private investor to perform technical and commercial due diligence for the acquisition of a 40.5 MW solar PV facility which was under development. K&M performed a technical evaluation of the facility, which included an analysis of the solar PV technology employed, the panels’ degradation rates and warranties, and an assessment of the EPC contract. K&M’s commercial due diligence covered relevant institutional and regulatory reforms of the power sector, sovereign and off-taker credit risks, and an estimate of the cost of capital for the project.