Development case study: MEM delivered a 1.39% increase in investor equity returns by optimizing contracting of a 60MW wind project.
60MW wind farm – MEM project team in contracting phase to improve project plan commercial contracting and payment milestones
MEM team improved levered IRR to above 16% requirement
Optimized construction schedule, negotiated EPC cash flows from front to back end loaded
Asset optimization case study: MEM identified revenue losses in a wind farm entering its second year of operations.
|Performance Issue||Identified Energy Yield Loss||Annual Pro Rata Loss|
|Power Curve/De-rating the Power Output of WTGs||335, 386kWh||2,074,845kWh|
|Incorrect Allocation of Downtime||62.25hrs or 0.15% Availability||0.93% Availability loss|
Key findings which MEM corrected included:
- Construction punch list (installation defects)
- Commissioning defects (air density and blade alignment of WTGs affecting output)
- O&M contractor misallocation of WTG down time