While wind energy projects are generally stable and profitable investments, some wind farms are not performing to the satisfaction of the owner and the financing bank. The main reasons for financial distress are delays and cost overruns during construction, mistakes in the permitting that can lead to business interruption or impairment of operation, low technical availability and excessive operational costs.
in.ventus buys such assets, and restructures and operates them on a long term basis. Depending on the project and the needs of the owner and the financing bank, in.ventus also renders consulting services to bring the project back on track.
in.ventus tasks in the restructuring process are:
- analysis of the reasons for the financial distress
- implementation of a high quality technical and commercial wind farm management
- renegotiation and optimization of all operational key contracts such as service agreements, insurances and PPAs/CPAs
- adjustment of the financing conditions to ensure a stable performance under the credit facility agreements