Case study: Transforming Due Diligence for Power Capital Renewable Energy

Case study: Transforming Due Diligence for Power Capital Renewable Energy

LiveDiligence supported Power Capital Renewable Energy's €215 million solar PV transaction by providing a unified collaborative workspace for the legal and technical due diligence. Multiple stakeholders managed hundreds of questions across seven projects with real-time visibility, helping achieve financial close sooner, with confidence

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Streamlining Complex Multi-Party Transactions

Power Capital Renewable Energy, a leading Irish independent power producer (IPP), set out to manage one of the largest RESS-2 backed debt funding deals for solar PV in the Republic of Ireland. This €215 million transaction involved,

  • A portfolio of seven new build solar farms with 290 MWp capacity
  • Three major lenders: AIB, Bank of Ireland, and Societe Generale
  • Legal and technical advisory teams working in parallel

For large portfolio deals like this one, traditional due diligence processes create significant challenges:

  • Communication chaos: Overwhelmed inboxes with critical questions falling through the cracks
  • Visibility problems: Difficulty identifying the most pressing issues across multiple projects
  • Progress tracking gaps: No clear way to monitor real-time status across the transaction
  • Reporting inefficiencies: Time-consuming updates that delay critical decision-making

Power Capital needed a solution to bring order to this complexity and help them close their financing efficiently.

LiveDiligence's Collaborative Platform

Having experienced success with LiveDiligence on two previous transactions, Power Capital deployed the platform again for this critical financing. The lending group, who had also used LiveDiligence on numerous deals, enthusiastically supported this approach.

Unified Collaboration Environment

LiveDiligence provided a single collaborative workspace where legal advisor DLA Piper and technical advisor Everoze could work simultaneously. All parties gained ongoing access to both legal and technical due diligence, with questions and answers managed directly alongside the relevant content. This unified approach eliminated the silos that typically fragment the due diligence process.

Visual Risk Management

The LiveDiligence dashboard delivered at-a-glance visualisation of risk profiles across all seven projects. This visual approach enabled the team to filter and prioritise critical issues and quickly drill down to access detailed information on specific concerns. Rather than wading through hundreds of pages of reports, stakeholders could immediately focus on what mattered most.

Streamlined Updates and Reviews

The platform eliminated inefficiencies through section-by-section publishing, allowing for timely updates to be approved and shared without waiting for full report completion. Self-serve redlines and change tracking made reviews significantly faster, while filters highlighting only what had changed since previous reviews saved countless hours of comparison work.

Faster Closing with Confidence

The implementation of LiveDiligence delivered significant advantages to Power Capital and all stakeholders. Hundreds of Q&A items across seven projects were managed cohesively, ensuring nothing was missed. Direct collaboration between DLA Piper and Everoze minimised duplicated efforts, while ongoing access to due diligence helped identify and address critical issues sooner. Throughout the process, all stakeholders maintained clear visibility into the transaction progress.

Client Feedback

"LiveDiligence was used to facilitate the management of technical and legal diligence across 7 projects, encouraging collaboration and driving efficiencies throughout the process."

Matthew Keane, Corporate Finance Manager, Power Capital

"The LiveDiligence innovative platform made it really efficient to manage legal and technical diligence across multiple projects. Its design allows for live updates, ensuring real-time collaboration and streamlines the process."

John Cogavin, AIB Climate Capital

Project Outcome

The due diligence process was successfully completed, and the transaction reached financial close on January 29, 2025. Construction is ongoing, with the portfolio set to be operational in 2026, contributing significantly to Ireland's goal of generating 80% of its energy from renewable sources by 2030.

The LiveDiligence Difference

For Transaction Leaders

LiveDiligence transforms the due diligence experience by:

  • Bringing order to complex Q&A management across multiple projects
  • Providing immediate access to advisors' insights when they matter most
  • Enabling faster, more confident decision-making based on current information
  • Creating a single source of truth for all transaction participants

For Advisors

The platform helps advisory teams:

  • Collaborate more effectively across disciplines and organizations
  • Deliver insights earlier in the process, when they can make the biggest impact
  • Work smarter with automated features that eliminate low-value tasks
  • Create a premium client experience that differentiates their services

Looking Forward

Power Capital's successful transaction exemplifies how LiveDiligence is revolutionising due diligence for renewable energy financing. As the renewable sector continues its rapid growth, the need for efficient, transparent transaction processes becomes increasingly critical.

LiveDiligence continues to transform how clients and advisors work together on due diligence, helping accelerate the delivery of clean energy projects globally.

About LiveDiligence

LiveDiligence is a unique web-based platform that streamlines and optimises traditional due diligence processes. Get instant access to your legal, technical and insurance due diligence and Q&A, all together in one secure, collaborative environment.

Interested in transforming your due diligence experience? Visit LiveDiligence.com to request a free demo.

Photo by CHUTTERSNAP