Clir says that its data-evidenced project performance analytics will enable renewable energy investors to gain a competitive edge by by understanding project risk and asset health, thereby enabling improved and accurate bids in accelerated timelines.
As ESG commitments and strong returns drive capital allocation to the renewable energy industry, acquisitions are becoming increasingly competitive. With multiple entities bidding on single assets, low bid-vs-win ratios increasing and evaluation periods decreasing, investors are under pressure to make the most profitable decisions in shorter time frames. These pressures hinder the ability for in-depth due diligence processes to uncover long term or structural performance issues.
Through Clir M&A, Clir utilises advanced AI and cloud-based data processing techniques to analyse historical portfolio and site data in days, where it would typically take months. This speed to analysis, coupled with the context provided by a 200 GW global industry dataset, enables Clir to provide buyers, sellers and their Technical Advisors with greater certainty on the risk and potential of projects. Access to this deeper intelligence during the bidding process alongside ongoing insights allows clients to increase production and reduce costs.
The company’s software references the world’s largest contextualised operational dataset. Access to 200 GW of wind and solar data also allows investors to benchmark performance against industry standards, while additionally gaining clarity on asset risks and current asset health. This affords investors a unique opportunity to consider post-acquisition optimisation strategies much earlier in the asset management lifecycle.
The software benchmarks data from all major OEMs, allowing bidders to measure asset and turbine performance against region, vintage and technology to ensure that the project is performing up to industry standard. With this granularity of project understanding, energy yield assessments can be adjusted to reflect potential performance.
“In 2019, Elemental Energy used Clir’s data and expertise to submit a competitive bid to successfully acquire the project, as well as improve their financing and debt terms” said Gareth Brown, Chief Executive Officer, Clir Renewables. “Seeing this success, and the demand for deeper insights for bids, motivated us to develop Clir’s M&A service. With project finance in renewable infrastructure growing, we have seen a boom in cross-border mergers and acquisitions. Clir’s offering of deeper intelligence during the bidding process alongside post-optimisation insights will increase production, reduce costs and give clients a competitive edge. Clir’s value is in its data. By leveraging over 200 GW of global industry data, Clir M&A can offer a deeper insight into asset risks and opportunities for increased value. These industry insights, coupled with an analysis of monthly reports and the other project data, provides a different perspective and greater confidence than Technical Advisors, whose services we supplement. While Technical Advisors look at a project with industry knowledge and experience, they do so without data. At Clir M&A, we put data at the fingertips of stakeholders.”
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