A renewable energy technical due diligence, or renewable due diligence team can reduce project risks for project developers, investors, and funders by providing a detailed review of all technical aspects of a project and determine its feasibility. What does a renewable fuels or renewable chemicals due diligence expert do? Due diligence (DD) is a comprehensive appraisal of a plant undertaken by a prospective buyer, to establish its assets and liabilities and evaluate its commercial potential. The asset may be an existing bio processing facility or power plant, or it may be a project still under development, and existing only on paper. The DD process is akin to hiring a mechanic to evaluate a used car prior to purchase. Most lenders or investors insist on through due diligence investigations.
In renewable chemicals or renewable fuels, due diligence experts evaluate all aspects of the project. This goes well beyond just evaluating the plant’s equipment. Renewable energy due diligence encompasses regulatory, legal, contractual, environmental, financial, technical, and operational due diligence considerations. An asset exists in contractual and regulatory space as surely as it exists in a physical state. An experienced due diligence consultant knows precisely where to look for weaknesses. The expert knows to look for such things as whether key environmental permits are soon to expire, whether regional supplies of feedstock are stable, whether certain pieces of equipment are worn out, and whether regulatory change is a threat. These are but a few of the many aspects a DD expert should check. A due diligence expert also looks for hidden upside potential – things like plant expansion, market changes, or efficiency enhancements. Due diligence typically includes a site visit, document review and interviews with key personnel, culminating in a written report.
Large renewable energy and biochemical consulting firms like Lee Enterprises Consulting will certainly have experts in renewable energy due diligence. They also offer a wide range of services in the general areas of biofuels, biochemicals, biotechnologies, biomaterials, synthetic biology commercialization, feedstocks, and hemp/cannabis, and will have many specialized business and financial services like due diligence, feedstock availability, grants and loans and bio market research. A big consulting group like this should also offer technical and engineering related services like techno economic analysis, environmental evaluations, feasibility studies, risk analysis and expert witness engagements, and have solid strategic partnerships in place to assist clients with insurance, legal, accounting, plant fabrication, feedstock procurement.
With over 150 experts worldwide, Lee Enterprises Consulting has experts in many specific clean and renewable areas, including anaerobic digestion, fermentation, biomass, conversion technologies for things like tires and railroad ties, organic synthesis, fuel additives, ethanol gas, biodiesel fuel including algae biofuels, solid state and industrial fermentation, green energy grants, ag biotech, agricultural waste, alcohol fuels, alternative proteins and animal-free products, sustainable foods, beverage fermentation, biocatalysis, biodiesel conversion, biogas production, biomass power, carbon intensity, co2 utilization, combined heat & power, Fischer-Tropsch technology, food waste, hydrothermal carbonization, industrial enzymes, landfill management, microbial fermentation, organic synthesis, plastic pyrolysis, plastic recycling, plastic waste, pyrolysis oil, reactor design, renewable identification number, the Renewable Fuel Standard (rfs2), solid recovered fuels, torrefaction and torrefied biomass, waste to energy, and waste-to-hydrogen. This is a multidisciplinary group of green energy consultants that is a virtual “one stop shop” for any client need and handles projects of all types and sizes.
Look at our experts and the services we provide. Most of our experts are also available to advise and serve as expert witnesses in bioeconomy litigation matters. For the larger projects, we specialize in putting together full service, interdisciplinary teams with one point of contact. See video about LEC here. Call us at 1+ (501) 833-8511 or email us for more information.
