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Renewables IPP, KSA & UAE

An independent power producer assembling a 1.6 GW solar and storage portfolio across two GCC markets ahead of a strategic capital raise.

+3.1 pts
Portfolio availability within two quarters
AED 1.4B
Equity raised at target valuation
0 covenant breaches
Across the post-programme period
Challenge

The decision the client could not afford to get wrong.

Portfolio data was scattered across three legacy systems, two assets were tracking below availability covenants, and the diligence room lacked a TCFD-aligned disclosure pack required by anchor investors.

Pain points addressed

The structural problems this engagement resolved.

Bankability gaps

Project documentation falls short of what international lenders and ECAs require, delaying financial close.

Asset operating maturity

Stabilised assets run on construction-era processes, eroding availability and life-cycle returns.

Tariff and off-take complexity

PPA, WPA, and tolling structures are negotiated without an integrated commercial model.

ESG and transition reporting

Sustainability disclosures lag investor and regulator expectations, threatening capital access.

Approach

How the work was sequenced.

Each step is structured to build evidence before recommendation, and recommendation before commitment.

  1. 01Consolidated portfolio operating data into a single performance and risk dashboard
  2. 02Ran a 90-day reliability programme on the two underperforming assets, addressing inverter and O&M root causes
  3. 03Built the TCFD and ISSB-aligned disclosure pack with assured Scope 1 to 3 footprint
  4. 04Authored the equity story and management presentation for the capital raise
Results

What changed, and what it produced.

+3.1 pts
Portfolio availability within two quarters
AED 1.4B
Equity raised at target valuation
0 covenant breaches
Across the post-programme period

"The diligence room finally matched the quality of the assets. That changed every conversation with the anchor investor."

CFO, Renewables Platform

Capabilities applied

The disciplines this engagement leaned on.

  • Feasibility, bankability, and PPP advisory
  • Asset operating model and reliability programmes
  • Tariff, PPA, and commercial-structuring support
  • ESG, TCFD, and energy-transition reporting frameworks
Engage IGBS

Let us structure the decision before the cost of uncertainty grows.

Speak with our advisory team about a diagnostic review, feasibility study, or full advisory engagement.

Response
Within 1 business day
Confidentiality
NDA on request
Coverage
UAE & GCC
Engagement
Senior-led, 1:1