The renewable energy market sector represents a very promising especially in certain geographical areas such as overseas territories which enjoy:
- As in Guyana, a territory with a large forest area for the development of biomass ,
- A sunshine (Guyana, West Indies, Reunion, Mayotte).
The risk on this type of financing will appear under control if we are reassured of the following:
A risk on the borrower.
What is the history of the borrower? The consideration is she still a young group, operating with little bit of history of activity and many projects in progress or rather a quality operator (a subsidiary of a group recognized that posted good financial fundamentals)?
If shareholders have strong financial guarantees, it is interesting
- provision in the contract a clause guaranteeing us to maintain ownership of its shareholders,
- to request bail.
2. Risk on the transaction. This section contains
risks designs, supplies and markets.
a / For the design.
The risk of conception appear mastered if stakeholders are identified providers of qualifications in their fields.
b / Regarding the supply of raw material.
The risk of conception appear under control if provided multiple sources of supply (in case of failure of a supplier or a lack of raw materials). Solutions of alternative supplies are planned?
3 / With regard to opportunities.
How and traded markets?
For example, a long-term contract with EDF or a local authority committed to buying energy on the basis of a fixed annual premium (premium annually adjusted). The premium must cover annuitée credit established.
3. The financial quality of the project.
It follows from the power plant customers. A business plan will appear in reliable, since the price index are known and selling (long-term contract, cf. Preceding paragraph).
4. Risk phases construction and operating risks.
risks phases of construction (transport, assembly, testing, liability of the owner) and operational risks (equipment breakdown, damage to property) are they covered by insurance and they will be delegated to financial institution lender?
What are the guarantees associated with the most sensitive parts? For example, equipment of the boiler are guaranteed? A performance guarantee from the manufacturer is it planned?
5. Climate risk.
On this type of financing, this is particularly important. The operating company has it limited its risk by adopting a strategy of risk diversification (multiple energy sources and different geographic areas)?
Some products (biomass, coal) can be provided throughout the year as opposed to wind power and hydropower which depend on climatic conditions. We reach here the issue of power sources of the plant.
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