• Establish the type of debt financing required for the Project, e.g., non-recourse, off-balance sheet debt financing vs. corporate, on-balance sheet debt financing, need/desire for mezzanine financing; refinancing strategies; equity exit strategies, etc.;

  • Produce a bankable financial project model that reflects an optimum financial structure;

  • Arrange debt financing: Develop and send to each pre-qualified lender an Information Memorandum and a preferred Term Sheet for a Loan agreement. Evaluate proposals received and select the preferred lender(s);

  • Arrange equity financing: Produce a Project Information Memorandum and conduct a formal process in order to secure equity for the project.
  • Establish Project Design Basis, including Owner’s preferences and constraints, Owner’s risk profile, annual ambient site conditions, site elevation, plant’s operational requirements, equipment redundancy criteria, financing assumptions, tax incentives, local labor productivity and rates, etc.;
  • Develop an optimized Preliminary Plant Design and Site Layout, including the preliminary design for the interconnection facilities for power, fuel, water, and wastewater;
  • Establish major equipment acquisition requirements (e.g., existing surplus or used/fully refurbished major equipment) to support a fast track EPC Schedule needed to meet an “early” COD deadline;
  • Estimate annual average plant performance and the estimated forced and planned outage schedule for one complete major overhaul maintenance cycle;
  • Estimate the inside-the-fence EPC cost; Owner’s construction and soft costs prior to commercial operation; plant fixed O&M costs; plant variable O&M costs; Owner’s operating costs; and the EPC schedule;
  • Develop the project’s financial model to determine the cost of generation at Owner’s required return on equity;
Enventure will identify candidate regions of the US where client's project will be most attractive. Criteria that will be used to identify and evaluate candidate regions include:

  • Need for additional distributed generation capacity in a region is needed to relieve transmission congestion;

  • Regions where high elevation and/or high ambient temperatures allow engines to compete better with gas turbines;

  • Regions where utilities are small (e.g., western US) and value multiple small generators over one large generator.
  • Regions where water is scarce or expensive
The scope for governmental permits and approvals will vary significantly from one governmental authority to another and will therefore need to be customized for each particular country and local governmental authority. Enventure teams up with local consultants familiar with local regulatory issues to perform the following:
  • Identify all required federal, state, and local permits and approvals;
  • Develop a permitting schedule for the Project;
  • Conduct air modeling required for the air permit;
  • Apply for, conduct public informational meetings as required, and obtain the Project’s air permit;
  • Apply for and obtain the wastewater discharge permit;
  • Apply for and obtain all other permits, approvals, and Environmental Impact Assessments, as required.
Enventure can call upon some of the largest and most reputable EPC contractors to implement our projects. Having worked across four continents, Enventure has an unsurpassed scope of contracting partners ensuring our projects access to the most capable and cost effective solutions. Our close relationships with equipment manufacturers give us a unique perspective and understanding of this complicated process.
Owners financing their power generation projects off balance sheet, typically called “project financing”, will need to structure project contracts to meet the stringent needs of non-recourse lenders. Enventure can help your project by tailoring proven risk mitigating strategies, including insurance coverage, to protect the lender and the owner against key project construction and operating period risks. Enventure’s Project Risk Allocation Matrix allocates Project risks among the key Project Participants and is the basis for developing term sheets and negotiating each Project Contract identified below:

  • Site Control
  • Off-take for Power, Steam, Chilled Water, etc.
  • Fuel Supply and Transport
  • Engineering, Procurement, and Construction
  • Operation & Routine Maintenance
  • Major Maintenance
  • Insurance
  • Financing Agreements
  • Interconnection