Client: Confidential Infrastructure Fund (Global PE Firm)
Duration: 2023

Challenge:

The client, a global infrastructure investor, was considering the acquisition of a portfolio of operating and under-construction solar PV assets across the Middle East. The seller presented aggressive projections, but the investor lacked internal engineering capability to validate assumptions around grid interconnection, capacity factors, voltage stability, and technical risk exposure.

Their key concerns included:

• Whether the solar assets would pass interconnection impact studies in time.
  
• Potential grid curtailment or reactive power compliance issues.
  
• The reliability of the plant models used in project financing and offtake agreements.
  
• The long-term O&M and replacement liabilities embedded in system performance assumptions.
  

PowerTek’s Solution:

PowerTek served as the independent technical advisor, delivering a comprehensive engineering assessment of the target assets:

• Reviewed and validated grid impact studies, interconnection approvals, and compliance reports for each asset.
  
• Ran independent load flow, short circuit, and transient stability simulations using PSCAD and PSSE.
  
• Evaluated plant model accuracy and tested system performance under N-1 and N-2 contingencies.
  
• Conducted technical risk scoring across the portfolio, flagging assets with exposure to grid code non-compliance or reactive power issues.
  
• Delivered a technical fairness opinion and risk-adjusted cash flow modifiers for the financial model.
  

Results:

• Provided the investment committee with a red-flag summary of technical risks and mitigations.
  
  
• Adjusted asset valuation models to reflect real-world performance risks and regulatory constraints.
  
  
• Enabled a structured negotiation with the seller backed by hard engineering data.
  
  

Ensured post-acquisition operational readiness and grid compliance across the portfolio.