Working on behalf of a kenyan banking corporation, TUV Rheinland conducted comprehensive technical due diligence including construction monitoring, performance testing and post-commissioning services for a 2x20 MW (AC) solar PV power plant project.
In their efforts to verify the technical due diligence for potential investment in a 2X20 MW capacity solar PV power project, a kenyan commercial bank needed an experienced and recognized partner to act on its behalf as lender’s independent engineer in India. They turned to TÜV Rheinland.
Over a period of six months, a team at TÜV Rheinland reviewed the contents and terms of all PV module contracts, EPC agreements and purchase orders. Our experts assessed contract-specified guarantees and warranties to ensure policy compliance to industry norms. We made sure liquidity damages were appropriately defined within the contracts to avoid any major losses due to contractor delay or plant nonperformance. Our comprehensive technical due diligence report as lender’s independent engineer provided our client critical information, confirming contracts were well defined and risk to the developer was minimal. Our solar specialists received information from three sources to compare results proving good irradiance throughout the year at the site. Figures provided by Meteonorm, Solar GIS and NASA were extremely close, ensuring reliable results for technical due diligence analysis purposes.
Many of India’s premiere science and technology research centers are headquartered in the southwestern state of Karnataka.
Our technical due diligence services as lender’s independent engineer provided our client further assessment of beneficial environmental and social aspects of the PV power plant project including:
Founded 145 years ago, TÜV Rheinland is a global leader in independent inspection services, ensuring quality and safety for people, the environment and technology in nearly all aspects of life. We inspect technical equipment, products and services, oversee projects and help to shape processes for companies around the world.
Since 2006, we have been a member of the United Nations Global Compact to promote sustainability and combat corruption. TÜV Rheinland is a world leader in testing and supply chain management services for the solar industry.
With over 35 years of experience, we offer testing and certification of PV modules and components, supply chain management, and independent engineering for PV power plants.