Could you explain exactly what due diligence is for a renewables project?
Technical due diligence aims to evaluate all elements of a project that drive the risk/reward associated with it, from an investor’s perspective.
Depending on whether the project is in development, under construction, or operational, the exact scope will vary, but generally you’re opining on the predicted energy yield, technology type (what type of turbine or solar plant is proposed, and what their track record in the industry is, foundation types if offshore), the key contracts (Turbine and Balance of Plant supply and associated warranties), service agreements, predicted OpEx costs and Capex costs if it’s not built yet.
The analysis is generally delivered as a risk review, with suggested mitigations to reduce the risk.