PROJECTS

Utility-Scale Solar PV Transaction Advisory, Bermuda

The problem

Bermuda’s electricity system was powered almost entirely by expensive imported fossil fuels. The island wanted to use more of its renewable energy resources in power generation, but lacked a framework to make this happen in a way that would be transparent and ensure 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 helped the Government confirm the feasibility of a site on a disused air-strip. We conducted a technical and environmental assessment of the project, ensuring the project was viable, feasible and environmentally sustainable. We designed the project’s tender strategy and commercial structure, consistent with Bermuda’s Electricity Policy and Law. Finally, we drafted the bidding documents and supported the government during the competitive process.

Impact

The transaction was successfully completed, with Saturn Power finalizing agreements with the government and a PPA with BELCO, the power utility, for 10.3 US Cents per kWh in June 2018. Ground breaking is planned for the summer of 2019.

Our team

David Ehrhardt

David Ehrhardt

Chief Executive
Gianmarco Servetti

Gianmarco Servetti

Practice Leader

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 5-127
Colombia

Thinking for a better world.

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

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