PROJECTS

Utility-Scale Solar PV Transaction Advisory, Bermuda

The problem

Bermuda wanted to shift away from expensive, imported fossil fuels toward renewable energy through private investment. The government had a potential site for a large-scale, renewable energy project, but needed help designing and running a competitive tender that was transparent and offered the best value for money.

How we helped

Castalia helped prepare, design, and run Bermuda’s first competitive tender for renewable power, a 6MW solar PV project. We confirmed the feasibility of the identified site and conducted a technical and environmental assessment to ensure the project was viable, feasible, and environmentally sustainable. We then designed the project’s tender strategy and commercial structure, drafted the bidding documents, and supported the government during the competitive process.

Impact

The transaction was completed, with Saturn Power finalizing agreements with Government and a PPA with BELCO for 10 US cents per kWh in June 2018. The Government agreed to grant a license to Saturn Power in April 2020. This project received an award for “Best Utility Scale Project” during the Caribbean Energy Conference Forum (CREF) in 2022. The award recognizes the leaders and projects in the Caribbean energy sector who make a lasting impact on the development of resilient and renewable energy systems.

Our team

David Ehrhardt

David Ehrhardt

Chief Executive
Veronica Lizzio

Veronica Lizzio

Director

How can we help you?

How can we help you?

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (0)1 84 60 02 00
64-66 Rue des Archives
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia

Thinking for a better world.

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WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

Castalia-logo-negative-2col
PROJECTS        NEWS        BLOG        CONTACT
© Copyright 2019 Castalia. All rights reserved.
Terms | Privacy | Credits | Sitemap