Law firm for legal due diligence on a renewable energy project
Before a renewable energy project is acquired, financed or made the subject of an equity investment, the buyer or investor needs to establish what is being acquired and which risks could prevent construction or operation. Below we set out what such a matter requires of counsel and who leads this area at HWW.
What this matter requires of counsel
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Examines the project from the standpoint of the investment decision
The review should establish what the buyer is acquiring and which risks may affect construction or operation. Findings should translate into a list of actions and into transaction terms rather than ending as a description of documents.
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Verifies the rights to the land
A lease, an easement and ownership give a project different degrees of protection. A review of title shows whether the installation has secured access to the site for the whole operating period.
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Reviews permits, grid-connection documents and licensing requirements together
A missing or inconsistent document may affect the assessment of the project or the prospects of obtaining an outstanding permit, approval or licence.
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Draws the boundary of the legal audit clearly
Technical and environmental review and project valuation sit outside the legal scope. Counsel worth trusting says so at the outset, so that the due diligence report can be read alongside the work of the other advisers.
Further described matters are listed under our track record.
What we have written on this topic
We confirm the scope and the fee before starting work. A paid consultation is not required.