Evergy was engaged to perform Technical Due Diligence and provide comprehensive technical consultancy services for the acquisition of a portfolio of 53 operational solar PV assets within a tight timeframe of approximately eight weeks.

At the time, this was the UK’s largest transaction involving operational PV assets, valued at approximately GBP 700 million. The portfolio was acquired by a private market fund managed by the Client alongside a third-party co-investor. The asset base consists of 52 ground-mounted and one rooftop PV installation, utilizing various components from key industry manufacturers. The plants were originally commissioned between 2014 and 2017.

The services of Evergy comprised in particular:

• Identification of major technical risks and recommendation of mitigation measures
• Analysis of plant-level operational data (irradiation, energy yield, technical availability)
• Energy yield assessment based on operational data
• Technical inspections to determine current condition and required repair works
• Provision of OPEX assumptions for financial modelling
• Estimation of remaining operational lifetime for all plants