Transaction Advisory
CIGA Energy Advisory protects and enhances asset value through rigorous due diligence and disciplined deal structuring. We cover project origination, technical, ESG and regulatory due diligence, valuation and risk mitigation, information memorandum and teaser preparation, and full transaction support, from buyer identification through financial close, on both buy side and sell side. The track record spans RES, DSOs, M&A and EBRD-co-financed urban infrastructure.
Specialist capabilities within this practice
Each capability is led by named specialists and proven through engagements across the region.
5
Focus areas
- Project origination (RES plants)
- Identifying and sourcing renewable energy project opportunities across technologies, development stages and markets. On the buyer's side this includes pipeline development, preliminary screening and deal origination strategy. On the seller's side this includes securing a high-quality portfolio of projects.
- Aquila Capital, MET Renewables, OX2, HELLENiQ, large IPPsRES portfolio technical & ESG DD (solar, wind, storage)
- On the seller's side we represent about 4 GW pipeline of projects where we support with the M&A process (from assessing the quality of the projects to marketing materials and negotiation)
- Project quality assessment (technical, ESG, regulatory DD)
- Comprehensive due diligence covering technical design, operational performance, ESG compliance, regulatory status and contractual arrangements, validating project viability and valuation and identifying risks. Spans renewables, large-scale distribution operators and urban infrastructure.
- Various institutional investors (Aukera, Metlen, Motor Oil Renewables, Rezolv Energy, Enexus, ALFI Renewables, Epoint Zero, OX2, HELLENiQ Renewables, Entek Elektrik, MET Renewables, Enery Development, Econergy International, Eurowind Energy, Jantzen Renewables, PPC Renewables)Technical & E&S Due Diligence across a 10 GW Renewables & BESS Portfolio (including large individual projects up to 550 MW)
- ENEL Romania (for DWS Group, then PPC)Buy-side technical & regulatory DD on 3 DSOs (2.86M PoD, 15.6 TWh)
- CEZ Romania / DEOVendor technical, regulatory & IT DD (~1.44M customers, 41,800 km²)
- HEDNO GreeceVendor technical DD (7.5M customers, with AFRY)
- Value optimization & risk mitigation
- Analysing project economics, identifying value enhancement opportunities, structuring risk mitigation measures and developing strategies to improve returns and bankability. Includes integration scenarios, synergy and EBITDA modelling and valuation work.
- CEZ GroupM&A analysis for the GasNet acquisition (4 integration scenarios)
- OMV PetromAdvisory on potential acquisition of E.ON Energie Romania
- PPC RenewablesIndicative valuation of 45 MWp Samsung C&T PV portfolio in Romania
- Jantzen RenewablesGrid connection solution analysis for 5 PV plants (~907 MW)
- Marketing materials creation (IM, Teasers)
- Preparing professional transaction documentation including investment memoranda, teasers and data room management, to effectively position assets for potential investors.
- Transaction & closing support
- Managing the transaction process from buyer identification through to transaction close, including negotiation support, documentation review and coordination with legal, financial and technical advisors.
- Several BESS projects with capacity between 50-100 MW sold at RtB to large utilities, financial investors and IPPs
- Several hybrid PV parks with a capacity of about 50 MW sold at RtB to large utilities and IPPs
Top engagements
Top engagements
Top engagements
Top engagements
Applicable sectors
Energy & Utilities
Complex digital and AI transformation programs for DSOs and TSOs (including multi-year programs), from strategy to implementation. Strong focus on asset condition monitoring and predictive maintenance, grid analytics, ADMS.
Renewables, Investors & Funds
Transaction advisory for renewable energy and storage assets across CSE, covering solar, wind and BESS. Investment screening, technical due diligence, portfolio risk and development strategy for funds and private equity across the full deal lifecycle.
Financial Services / Banking
Sector expertise and market intelligence for banks active in energy and infrastructure lending. ESG screening, green finance advisory and credit risk support for loan portfolios in regulated and competitive markets.
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