Modern Energy Management (MEM), a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors, has delivered over 1.5 GW of renewable energy in emerging markets, as a direct result of its Investment Grade Verification (IGV) service.
Launched earlier this year, the IGV service was developed by the company in collaboration with international law firm Watson, Farley & Williams and global specialist insurance broker, JLT Specialty.
Developed exclusively for financiers and investors operating in high-growth emerging markets, the service is intended to provide clear and proven ways in which to reduce operational and capital expenditure and in turn, significantly enhance the creditworthiness of projects. This, ultimately, creates a series of compelling, long-term financial drivers for investors that seek to benefit from renewables development in high-risk emerging markets and territories.
By bridging the gap between technical and commercial services, the IGV service enhances project credit and enables investors to see their projects reach financial close more swiftly. This is critical for investors, since the ability to maximise cash flow and significantly increase the value of any future investor exit can be easily overlooked.
“In 2016, the team at Modern Energy Management has deployed the Investment Grade Verification service on operational projects throughout Asia, South America and Africa” said Aaron Daniels, Co-founder, Modern Energy Management. “Previously many North American and European investors may have heard negative reports about the Asian market or may simply have lacked the confidence to accurately understand local territorial risk. However, as investors in mature markets struggle with a lack of deal flow, or simply start looking for higher returns, it’s critical that they have the confidence to invest.”
Mr Daniels added that the company aims to deliver project lifecycle certainty to renewable energy financiers, developers, operators and investors working in rapidly expanding emerging markets. Through this exclusive focus, it is uniquely placed to assist new and existing investors, operating in critical, fast-growth emerging markets. Modern Energy Management’s development of the IGV service underlines its industry commitment and the delivery of this first phase of projects is intended to demonstrate its continued investor interest and appeal.
To date, the IGV service has delivered over 1.5GW of renewable energy in the emerging markets, with a total asset value of over $2.6billion.
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