Wind project development
Wind development is a complex exercise in handling risk, the main reason for failure is often due to lack of preparation.
Wind Partners will create or conduct a detailed review and evaluation of all key assumptions having an impact on the project. Typical tools used for this exercise are our risk matrix, traffic light model and the business case including budgets.
Top level traffic lighting of the following:
Political / Social Risk
Permit / Environmental Risk
Operational / Regulatory Risk
Risk of Budget overrun
Need for speed
Competition is high and speed is therefore essential to control and mitigate risks, Wind Partners will in collaboration with you and your team evaluate the development risks and create mitigation and contingency plans accordantly,
for continued monitoring and control up until financial close where the project is handed over to implementation.
Looking into the past, there are two main reason for delay in project development or construction.
Typically, due to missing or delayed grid connection or closing financing, Wind Partners view, it is due to lack of communication or people and culture.
Collaboration and comprehensive process
Wind Partners will in collaboration with you and your stakeholders create and develop a communication matrix including a detailed communication plan. In conjunction with this matrix, Danish Wind
Partners will develop and update a project specific “Development and Construction Deliverable Map”, that takes the people and culture into account to foster high level of collaboration and to ensure full understanding of the development and construction process.
We will now draft the long list of documents required together with your management and financing team, which will give the overall governance for the project.
Wind Partners will update and develop these documents for implementation into the project, as we believe full decision and project governance is required from the early start of a project, to ensure a smooth and fast progress.
Bottom line focus
Wind Partners will draft and develop a solid business case, based on our know-how and accordance to the agreed project strategy. The business case will contain a comprehensive risk- and interface matrix and a high-level project schedule with defined milestones and critical factors identified.
Taking technical and commercial aspects into account, the annual energy production will be assessed and challenged with focus on long-term operation. Wind Partners strongly advise to ensure a professional and bankable measuring campaign of wind data is performed.
The business case will consider and take the entire project environment in to account, increasing the likelihood of the highest possible internal rate of return combined with best- and next practice.
The key for success
Wind Partners believe the key for success is, the way we act and build up the project team, with the right qualified team and not necessary a big team.