Our financial expertise enables transparent pricing, simplified transactions and negotiations and conveys comprehensible results.

We provide an independent and transparent valuation of renewable energy plants (wind and solar projects) in the form of a financial report.

Our valuations are individual and objective. The parameters are acquired from market data and the derivation of the results from the expert opinion-style document is transparent and easy to understand.

These characteristics, unique to us, are our distinguishing factor, as we do not use a universal company valuation model, disseminators, or flat-rate approaches, commonly used in the valuation market. Cash flows of projects are calculated objectively from the perspective of an investor's expectations, strengthening the informative value of the valuation. The discount rate is determined using a mathematical approach and is calibrated using a market-implied discount rate.

Because this approach requires good knowledge of the energy market, dependencies, and regulation, etc., we have specialised in several markets, with our main focus being on Germany and France. For projects in other countries, please contact us.

Building on the experience and knowledge gained in recent years, we have further developed the expert determination of market value. The focus being on the determination of fair values, which is of interest to various groups of people.

We provide independent assessments for:

• Project developers
• Managing directors of renewable energy plants
• Fund managers
• Banks and financial service providers
• Energy companies
• Tax consultants

Our evaluations are used for:

• Change of shareholders
• Transactions (full or pro rata)
• Financing negotiations
• Proof of creditworthiness

Our model is based on a Discounted Cash Flow (DCF) method and rests on two pillars.

Using a standardised and automated cash flow builder, we first create the cash flow structure over the complete life cycle of the project. Thanks to the mapping of payment flows during the year, we consider the individual production profile of the plant. We reconcile the remuneration and the operating costs with the contracts. We validate estimated positions against reference values and adjust them if necessary. As part of the process, we refrain from making hard assumptions. Thus, future electricity prices or operating costs are indexed using market inflation expectations, and taxes and depreciation are presented according to country-specific regulations.

More information can be found about our model under the tab heading, Useful information.