TTR Energy's development team is dedicated to providing the best solution for the development of renewable energy projects. Convinced that economic, ecological and societal interests come together when carrying out a renewable energy production project, they work ingeniously to capture as much of the site's energy resource as possible to optimize production efficiency while making the project compatible with its environment in order to gain the support of local stakeholders in the territory. The team is in charge of monitoring and optimizing the development of wind energy projects, whether they are wholly owned by TTR Energy or in partnership with a third party. Their interventions are very diverse and can concern any stage of a project: cartographic research, contacts with elected officials and land prospecting at the beginning of the project, consultation with the population, follow-up of studies and preparation of files, and follow-up of instructions prior to obtaining the authorisations. The development team can also support the M&A team during project acquisition, one of their specificities being to modify previously obtained authorisations by aiming for more modern wind turbine templates and optimising the MWh/mast ratio, always with a very good knowledge of the landscape, ecological and human issues of the sector. The development team and the M&A team are always looking for reliable partners to co-develop RE projects at any stage. Thanks to a very good knowledge of the field and listening to local partners, the core business of the team is to find solutions adapted to each partner in order to carry out each project in the best possible way.
This stage in the life of a project occurs once the project has obtained all necessary authorizations for its operation and has secured a grid connection. Our experts in each of the departments then take care of negotiating all the contracts necessary for the financing, construction and operation of the project. Given its past and future business volume, long term presence, and credibility, TTR has privileged relations to key commercial players such as the construction companies, turbine manufacturers, electricity off takers, and banks enabling access to competitive pricing for competitive bidding processes.
Project financing with banks is one of the main pillars of the business. In order to build a project, TTR calls upon various banks which will provide up to 95% of the financing. The team uses its network of various financial institutions on the market to indentify their financial terms and conditions, negotiate offers under the best possible conditions, select the bank, coordinate all legal (with the lawyer, the administrative department and the development team) and technical (with the construction and operational teams) due diligence, negotiate the financial and administrative documentation (with the lawyer and the administrative department) in order to sign and put in place the final financing. Then comes the management of drawings and condition precedents throughout the construction, and the management of the entire contractual relationship with the banks, including periodic reporting.
The industrialisation of wind projects consists first of all in optimising the choice of wind turbine, negotiating purchase and maintenance contracts with the chosen turbine manufacturer, then choosing the debt banker and financial monitoring of the construction site. Then comes the choice of the best electrical connection and the consultation and mandate of various service providers in charge of different aspects of the construction overarched by a project manager. The construction team then ensures that the worksite is carried out safely and in compliance with the administrative and environmental authorisations obtained as well as in harmony with the local residents. Finally, the team sets up the various contracts necessary to the operation namely with the grid operator, proceeds to the acceptance of the works, follows up the guarantees and then carries out a mission of assistance in management to the project owner.
The role of the team is to monitor and supervise the operation of wind farms and particularly aspects related to the performance and availability of wind turbines. They make sure that breakdown problems, for example, are resolved as quickly as possible in order to avoid energy losses. They are also responsible for monitoring operating costs and optimizing them. To this end, they are in constant interaction with the various project stakeholders, in particular the maintainers and local residents. Finally, they interact with the grid operator and the off-takers for the sale of the electricity produced by the wind farms. Two components are crucial to their function. First, the safety of everyone on the operational sites. Secondly, ensuring compliance with all environmental and legal obligations, such as the monitoring of acoustic and environmental campaigns, etc. Their work concerns wind farms belonging to TTR Energy managed funds and belonging to third party clients. At the moment, the team manages 8 parks in operation, 5 of which are owned by a third party client.
The team's objective is to find investment opportunities to intelligently invest the funds managed by TTR Energy. Their main activities consist of structuring and negotiating agreements to acquire renewable energy projects and create partnerships with independent developers. Being focused in very few markets, TTR has developed and is constantly developing a network of local partners allowing for sourcing of investment opportunities and access to privileged information. TTR’s excellent reputation built by an extensive presence in the market over the past 12 years with more than 50 successfully completed transactions has naturally generated a constant quality deal flow.
TTR Energy can also act as a service provider for functions such as project management assistance, project financing, construction and operation of wind farms for third parties. For more information you can contact the M&A team.
The TTR Energy team is composed of seasoned professionals collectively able to source, acquire, optimize, procure, finance, build, operate, and sell electricity producing units, achieving outstanding results throughout the value chain. With this vertical integration TTR is able to circulate all information within its team and stay at the forefront of market information. TTR values especially its ability to partner with smaller independent developers. Whether for equity or knowledge, as a small company, TTR is agile enough to adapt and fit any developper's needs whilst staying two independent entities.