Case Study · Renewable Energy
Yarden Engineering Services — 5MWp Solar PV
Yarden Engineering Services Limited
The challenge
The client required a bankable financial model to support its application to Indo Zambia Bank for debt financing covering more than 70% of the project cost. The key challenge was the absence of an EPC contractor quotation, making it difficult to establish a reliable project implementation cost and develop accurate financing assumptions.
Our approach
We developed the project cost assumptions using benchmark EPC costs from comparable projects we had previously worked on, while allowing for the client to appoint its own EPC contractor. The transaction was successfully completed, and the modelled project costs closely aligned with the final costs submitted by the appointed EPC contractor.
The outcome
The financial model was completed within two weeks and supported by a comprehensive pitch book, a PVsyst report assessing solar irradiation and energy yield for the project site, and a model report providing key outputs and insights for non-Microsoft Excel users.