Case Studies
Development case study: MEM delivered a 1.39% increase in investor equity returns by optimizing contracting of a 60MW wind project.
| FINANCE KPI | BASE | IMPROVEMENT | CHANGE |
|---|---|---|---|
| Construction | 142.46mUSD | 138.66mUSD | -3.8mUSD |
| IDC | 3.8mUSD | 2.56mUSD | -1.24mUSD |
| Total,CAPEX | 146.26mUSD | 141.22mUSD | -5.04mUSD |
| IRR | 15.73% | 17.12% | 1.39% |
| EXAMPLE:
60MW wind farm – MEM project team in contracting phase to improve project plan commercial contracting and payment milestones |
SUCCESS CRITERIA:
MEM team improved levered IRR to above 16% requirement |
Drivers:
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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