Risk management starts with the acquisition process: we pay special attention that risks are fully identified and evaluated throughout the purchase process. Risk management is therefore an integral component which guides us through transaction management. A constant exchange with our sister company wpd windmanager and Deutsche Windtechnik delivers valuable insights from the operation and maintenance of over 3,000 MW of wind turbines and solar power plants. So we know about many challenges before they become a risk.
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Our standardized due diligence process takes a 360 degree approach that ensures that risks of technical, commercial, tax and legal nature are investigated.
Only those who know the risks can also manage them long term. Therefore, drawn up in the context of the acquisition process and continuously reviewed, our risk inventory is the cornerstone of the long-term risk management.
All identified risks are continuously monitored on several levels. We can draw on the experience of wpd windmanager with more than 278 wind and solar farms under management, which are monitored 24/7 in real time, as well as the extensive technical expertise of Deutsche Windtechnik as a manufacturer independent full service O&M provider with its own supply chain.
Together with our project partners, we have implemented processes that ensure a standardized approach to events. Depending on the intensity of impact and probability, there are different escalation processes in operation. We strive to take timely action in the best interest of our customers.