Technical and commercial Due Diligence for SV SparkassenVersicherung

The insurance company SV SparkassenVersicherung commissioned greentech with a technical and commercial Due Diligence of their PV portfolio. The 30 MW portfolio, which the company is invested in, consists of multiple mandated photovoltaic plants. The motivation for SV SparkassenVersicherung to work with an independent partner in addition to the actual operating service partner was especially built on the following factors: Independency and therefore 100 % advocacy of the client’s interests, security of revision and quality assurance of the investment.

greentech performed a complete inspection and audit of the PV portfolio with the goal of optimising the yield and security profile of the PV plants.

Due Diligence für das PV Portfolio der Sparkassen Versicherung

Scope of
Technical Due Diligence

  • Audit of technical documentation
  • Analysis of monitoring data
  • Audit of operating and inspection reports
  • Plant and customer specific special topics
  • On site inspection

Scope of commercial Due Diligence

  • Controlling and reporting | Liquidity planning, business plan
  • Controlling of revenue and other compensations
  • Review of service contracts | Cost and scope benchmarking | Identification of optimizations

Project Results

The results from on-site inspection and the other review elements have been documented and reported in a transparent presentation. The following benefits were achieved:

  • Maximum transparency about the current plant condition
  • Maximum transparency about profitability of the investment
  • Technical plant optimisation by rectification of the identified faults
  • Optimisation of safety and yield profile
  • Increase of plant quality and durability
  • Reduction of operational risks for the owner

greentech continued to consult the insurance company after the project with regard to realising
the optimisations and rectification work.

Customer Opinion

» We are delighted with the structured approach, the quality of the results and the clear and professional presentation of those results by greentech. The insights of the independent audit help us to optimize our PV plants regarding safety and yield together with greentech.«

André Pfleger, Senior Investment Manager (Alternative Investments)