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WHAT ARE OUR
SERVICES?

Context Planning & Project Valuation

Maximising project value through technical and commercial expertise

At TAVOA we put projects in the right context. We identify the technical maturity level that a project has reached and develop it further as needed. To us, project evaluation is about more than just models, since parameters must be market-driven, realistic and viable to hold up under scrutiny. Thanks to our experience and in-depth understanding of the market, we can quickly determine a project’s potential and how it can develop.

CONTEXT PLANNING

Details:

  • Clearly document the following: layout variants; noise and shadow forecasts; grid connection security and routing; and permitting status
  • Cost estimation
  • Realistic scheduling
  • Conduct stakeholder dialogues
  • Integrate all expert reports to create a clear, viable planning course.
PROJECT EVALUATION

Details:

  • Site analysis:
    – Wind potential
    – Restrictions
    – Distances
    – Grid connection options

  • Initial assessment of technical, economic and regulatory feasibility

  • Development of a robust project strategy, including risk analysis

  • Cost estimation (CAPEX/OPEX)

  • Project prioritisation based on key financial and commercial metrics

  • Preparation of initial site plans, variants and concept sketches

  • Technical classification of opportunities and risks

PEARLDIVERTOOL

M&A Sell-Side & Buy-Side

Full-service M&A advisory on both sides of the transaction

On both sides of the transaction – sell side and buy side – TAVOA is actively involved. Sales and purchase transactions are managed with structure, pace and predictability, whether single-track or dual-track process – running a structured sale process in parallel with alternative options. Internal due diligence and Q&A sessions are coordinated, external advisors are briefed, and final negotiations are conducted so that the process remains clear, stable and secure right up to signing.

SELL-SIDE

Management, investor selection, market approach, negotiations

Anyone looking to sell a wind farm requires a wind energy project evaluation and a process that convinces rather than persuades. Because every project island is unique, we select the appropriate divestment process, manage the go-to-market process, evaluate and benchmark bids and negotiate prices and conditions, providing a clearly structured and confidently navigated process.

Due Diligence

We examine the technical quality, maturity and feasibility of the project, identifying its strengths and weaknesses, as well as any open questions or potential red flags. This reduces the risk of unnecessary expenditure in a later detailed technical, legal or tax review, and minimising costs before full external due diligence is engaged.

Technical evaluation:

  • Plausibility check
  • Timeline
  • Review/plausibility check
  • Site assessment
  • WEA type
  • Turbulence
  • Noise and Shadow
  • Wind yield
  • Road assessment
  • Approval/statements, etc.

Economic evaluation

  • Review and plausibility check of input parameters
  • Revenue security status
  • Cash flow analysis
  • Land lease agreements
  • Cooperation agreements
  • EPC contracts
  • Purchase agreements
  • Service agreements

 

BUY-SIDE

WIND FARM ACQUISITION: EARLY RISK ASSESSMENT FOR SOUND INVESTMENT DECISIONS

Acquisition advisory, project search, negotiations

Anyone looking to purchase a wind farm must strike a balance between risk, potential and timing. We support clients throughout the entire purchase process, from initial screening to final investment committee approval, and if necessary, we introduce them to new, suitable projects.

 

DealBreaker-Analyses

Relevance, valuation rationale, process reliability & negotiation strategy

We understand what investors really see. That’s why we combine all DD perspectives, separate what is critical from what is irrelevant, and robustly address sensitive issues in investor Q&A in order to reliably comply with investment criteria. This prevents price pressure and deal-stopper scenarios, while keeping the project island negotiable, comprehensible and secure.

TRANSACTIONS

Wind Energy transaction advisory

Strategic advisory grounded in hands-on transaction experience

We advise project developers and investors on how to increase value, from portfolio analysis to the advancing individual projects to investment readiness. Concrete solutions are more valuable than open questions, so we conduct feasibility studies and develop actionable recommendations. In repowering projects in particular, we combine wind energy expertise with M&A process knowledge to ensure that an existing asset can be successfully divested. As a sparring partner, we provide guidance to help overcome uncertainty and ensure progress.
FEASIBILITY STUDY

Wind farm feasibility study – a solid basis for decision-making

A wind farm feasibility study provides the basis for any sound investment decision, covering technical, economic and legal aspects.

  • combining in-depth technical, economic and legal insights
  • includes project and site analysis
  • ownership structure and title review
  • repowering wind energy analysis
  • identification of key risks
  • definition of critical path and next milestones
NetWORK

We provide industry information, specialised resources and benchmarking services. We open up our network in a targeted manner to connect the right partners.

 

  • legal support
  • technical consultancy
  • tax consultancy
  • extensive network of potential buyers and partners.
Sparring
  • Classification of opportunities, risks and maturity level
  • Review of assumptions, blind spots and critical hypotheses
  • Support with strategic decision-making: ‘What now?’ What should we do first? What should we avoid doing?’
  • Preparation for investor questions and negotiations
  • Sparring on project logic, timelines, contact points and deal breakers
  • Clarification of situations in which uncertainty is a barrier

We evaluate projects from two viewpoints at once – as developers and as investors.

From the first review
to signing

Five stages. One course. No detours.

~

o1

PEARLDIVERTOOL

Recognising potential.
Setting a course.

Enter your project details into our Pearl Diver Tool. We’ll assess your project’s maturity and marketability, flag any outstanding issues, and get back to you with a clear initial assessment within three working days: answering where your project stands, what it really involves, and what the sensible next steps are.

OUTPUT

Transaction framework

Technical Parameters

Economic context:

Recommendations for action and opportunities for optimisation.

Project progress and maturity level

~

o2

PRE-DD
Dive deeper.
Value better.

The Pre-DD is a reality check before the sale begins — before anyone starts making promises. We chart the project’s data, contracts, permits, opportunities and risks to see what actually holds water. What comes back is a solid basis for decision-making, with concrete next steps attached.

OUTPUT

Overview & Objectives

Data Analysis & Document Review

Permitting & Regulatory Analysis

Technical Feasibility

Analysis of Yield Assessments

Grid Connection & Infrastructure Development

Economic Assessment

Risk Analysis & Deal-Breakers

~

o3

Market outreach

Finding the right buyers.
Reading the market.

We check whether your project is market-ready, find the right buyers, and steer the bidding process. The result: clear insight into buyer interest, valuation expectations and reservations: a solid basis for comparing offers and shaping your negotiation strategy.

OUTPUT
Teaser

Information Memorandum

Indicative offers

~

o4

NBO phase

Creating commitment.
Holding course.

We structure the negotiation phase, coordinate due diligence and Q&A, and keep external advisers on track. The result: non-binding interest turns into a clear, well-managed process — and a real shot at closing.

OUTPUT

NBO comparison & bidder qualification

Shortlist of preferred investors

Negotiation strategy & process roadmap

Q&A and due diligence management

Overview of risks and deal-breakers

Recommendation for the next phase of the transaction

~

o5

Negotiation & Signing

Securing value.
Dropping anchor.

In the final phase, we support exclusive negotiations, due diligence, Q&A sessions, and the signing of contracts. We ground pricing, terms, earn-outs and warranty issues in solid technical and commercial analysis: for clear decisions and a contract that holds.

OUTPUT

LOI & SPA Support

Q&A Management

Due Diligence Coordination

Risk Matrix & Outstanding Issues

Contract & Negotiation Preparation

Signing

What added value do our clients receive?

Projects are assessed from two perspectives simultaneously: that of the developer and that of the investor. Because this dual perspective cannot be learnt but only experienced, it enables faster, more precise and more thorough transaction management when assessing risks, potential and deal breakers. Stability throughout the process is maintained through balanced communication between buyers and sellers.

~~~
We make projects negotiable and transactions resilient.


What makes us qualified?

We are competent because we understand the four stages of true professionalism:
Unconscious incompetence: ‘Oh, that looks harmless…’ — until you realise that it isn’t.
Conscious incompetence: ‘Aha. Something’s lurking there.’ — The most important step: knowing what you don’t know.
Conscious competence: ‘I know it. I can do it. I’ll do it..’ — this is where things become clear, clean and structured.
Unconscious competence: ‘Oh, that? You can see that straight away.’ — experience that saves projects before situations become critical.

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We are flexible, agile and reflective.

 

How do we address structural uncertainty in the wind market?

The wind industry is plagued by structural uncertainty, including volatile markets, limited grid connections, complex due diligence requirements, and high expectations.
TAVOA provides guidance by identifying project risks at an early stage and separating the relevant from the irrelevant. In-depth technical, economic and legal insights are combined to support informed decisions. Concrete options are developed and communication between buyers and sellers is stabilised – so that decisions become possible where uncertainty would otherwise block progress.

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We provide guidance.


What goals are we achieving?

Our goal is to move projects efficiently through to a decision point, more efficiently and with greater stability. Precise analysis and a results-focused service – rather than one based on hourly rates – are the foundation of everything we do. The deal team is empowered rather than replaced, and our network is opened up in a targeted manner so that the right partners can come together.

Transparency is part of process reliability, which is why we clearly state when a project is not yet ready and what it needs to reach investment readiness.

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We only take on what we can handle.