Clir Renewables, a market intelligence platform for wind and solar, has launched a mergers and acquisitions (M&A) service. Clir M&A will help renewable energy investors gain a competitive edge by using Clir’s project performance analytics to understand project risk and asset health, enabling improved bids in accelerated timelines.
“In 2019, Elemental Energy used Clir’s data and expertise to submit a competitive bid to successfully acquire the project, as well as improve their financing and debt terms. Seeing this success, and the demand for deeper insights for bids, motivated us to develop Clir’s M&A service. With project finance in renewable infrastructure growing, we have seen a boom in cross-border mergers and acquisitions. Clir’s offering of deeper intelligence during the bidding process alongside post-optimization insights will increase production, reduce costs and give clients a competitive edge,” said Clir CEO Gareth Brown.
Through Clir M&A, Clir uses advanced AI and cloud-based data processing techniques to analyze historical portfolio and site data in days, where it would typically take months. This speed to analysis, coupled with the context provided by a 200 GW global industry dataset, enables Clir to provide buyers, sellers and their advisors with greater certainty on the risk and potential of projects. Access to this deeper intelligence during the bidding process alongside ongoing insights allows clients to increase production and reduce costs.
Clir’s access to 200 GW of wind and solar data also allows investors to benchmark performance against industry standards, while gaining clarity on asset risks and asset health. This affords investors an opportunity to consider post-acquisition optimization strategies much earlier in the asset management life cycle.
Clir benchmarks data from all major OEMs, allowing bidders to measure asset and turbine performance against region, vintage and technology to ensure that the project is performing up to industry standard.
“Clir’s value is in its data. At Clir M&A, we put data at the fingertips of stakeholders,” Brown said.
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