K&M served as the commercial and technical advisor to a private equity group considering a joint venture participation in the pre-construction acquisition of a 50 MW single-axis tracking solar photovoltaic facility in Chile. K&M was responsible for performing all technical, commercial, financial, and environmental due diligence of the project. K&M’s due diligence included in-depth reviews of the EPC agreement, O&M agreements, and solar resource studies. K&M also assessed the potential market for power purchase agreements (PPAs) as an alternative to the facility’s merchant operations. The analysis included a review of a long-term revenue forecast including energy sales to the spot market. The market forecast considered an expansion based on coal generation and another based on natural gas (LNG based). In addition, K&M reviewed the financial model to assist the client with identifying and evaluating project risks and determining appropriate risk mitigation strategies.