A large renewable energy developer, directly or indirectly through one or more affiliates, was participating in a competitive process for the potential sale of 100% of the shares in (1) one 52.5 MW wind farm and one 1.5 MW solar PV plant in operation (“Operating Assets”) and (2) development projects comprising 200 MW wind farms and 8 MW in a solar PV plant in the same location as the Operating Assets, and a 140 MW solar PV plant in another location (the latter three jointly referred to as the “Growth Projects” and together with the Operating Assets the “Target Companies”). The Target Companies are located in the Dominican Republic.

K&M’s role is to provide market and technical due diligence services to assist our client in all steps and activities in M&A transactions for the acquisition of 100% of the outstanding shares of the Target Companies. The first stage was to assist in the preparation of the submission of the non-binding offer.

The firm contracted K&M to provide market and technical due diligence services to assist in all steps and activities in M&A transactions for the acquisition of 100% of the outstanding shares of the Target Companies. The Target Companies include (1) one 52.5 MW wind farm and one 1.5 MW solar PV plant in operation (“Operating Assets”) and (2) development projects comprising 200 MW wind farms and 8 MW in a solar PV plant in the same location as the Operating Assets, and a 140 MW solar PV plant in another location (the latter three jointly referred to as the “Growth Projects”). The first stage was to assist in the preparation of the submission of the non-binding offer.

As part of the study, K&M completed the following tasks:

• Red Flags Report and Analysis
• Technical due diligence of operating assets and growth projects, including performance, commercial, financial, technical, and main technical, development, and construction risks
• Review of key commercial contracts
• Provide technical and financial inputs for the financial model/valuation
• Analysis of the Capex and O&M structure of the Operating Asset
• Analysis of the Pipeline (Growth Projects)
• Energy and capacity analysis
• Market assessment