Modern Energy Management (MEM), which delivers project lifecycle certainty to renewable energy developers, financiers and investors, has delivered over 1.5GW of renewable energy in emerging markets, as a direct result of its Investment Grade Verification (IGV) service.
Launched earlier this year, the IGV service has been developed by Modern Energy Management, in collaboration with international law firm Watson, Farley & Williams and global insurance broker JLT Specialty.
Developed exclusively for financiers and investors operating in high-growth emerging markets, the service provides ways to reduce operational and capital expenditure and in turn, enhance the creditworthiness of projects.
By bridging the gap between technical and commercial services, Modern Energy Management’s Investment Grade Verification service enhances project credit and enables investors to see their projects reach financial close more swiftly.
MEM says this is critical for investors, since the ability to maximise cash flow and significantly increase the value of any future investor exit can be easily overlooked.
“In 2016, the team at Modern Energy Management has deployed the Investment Grade Verification service on operational projects throughout Asia, South America and Africa,” says Aaron Daniels, co-founder, Modern Energy Management. “Previously many North American and European investors may have heard negative reports about the Asian market or may simply have lacked the confidence to accurately understand local territorial risk. However, as investors in mature markets struggle with a lack of deal flow, or simply start looking for higher returns, it’s critical that they have the confidence to invest.
“At Modern Energy Management we deliver project lifecycle certainty to renewable energy financiers, developers, operators and investors working in rapidly expanding emerging markets. Through this exclusive focus, we firmly believe that we’re uniquely placed to assist new and existing investors, operating in critical, fast-growth emerging markets. Our development of the Investment Verification Grade service underlines this industry commitment and the delivery of this first phase of projects demonstrates its continued investor interest and appeal.”
