Case Study: Neoen achieves stronger farm-down readiness with 3E’s vendor due diligence

Neoen advances a 21.7 MWp farm-down with 3E

Neoen, a leading French independent producer of renewable energy, sought to increase its financial capacity by selling two of its solar power plants in France. To facilitate this farm-down transaction, Neoen appointed 3E to perform a comprehensive vendor due diligence on the assets to ensure their technical and operational readiness for sale.

3E implemented a multi-faceted technical due diligence solution. This included a re-evaluation of the long-term energy yield, a review of past operational performance, a technology assessment of major components, a gap analysis of the O&M contracts, and a physical site inspection. The work performed by 3E provided Neoen with the critical technical validation needed to successfully execute the sale of the 21.7 MWp portfolio, thereby securing funding for the construction of new renewable energy assets.

Neoen