DNV provided due diligence to infrastructure investor Actis to identify and evaluate possible technical and related commercial risks for a portfolio of wind assets being developed by HERGO Japan Energy

DNV, the global independent energy expert and assurance provider, has advised Actis GP LLP, a leading global sustainable infrastructure investor, on the inaugural acquisition of their new Japan-focused renewables infrastructure fund.

Actis has since acquired HERGO Japan Energy’s wider renewables portfolio as the acquirer’s first investment and seed asset for Nozomi Energy, a new USD 500 million Japan-focused renewables investment platform launched in May 2023 by Actis.

The focus of DNV’s due diligence approach for Actis was to identify possible technical and related commercial risks that may result in a power generation project being unable to return the expected revenue over its operational lifetime.

DNV’s cross-regional project team worked closely with Actis on qualitative and quantitative assessments of the technical risk. DNV assessed the impact of any issues identified from the site visit and project documents and provided recommendations to Actis to mitigate the associated risks. DNV also provided an independent energy production assessment for the two HERGO Japan onshore wind farms based on measurement data from on-site meteorological mast and vertical LiDARs.

“Actis has a strong, long standing relationship with DNV and has deep respect for the diligent, fact based approach taken to Energy Yield Assessments. It was very positive to have access to that capability, combined with deep local insight, as we enter a relatively new market for Actis,” said Liam Smith, Director, Energy Operations, Actis.