Solar Company – Due Diligence Services from Solar Mango

Solar power is growing at a tremendous pace in India.

Not surprisingly, such a strong growth is also witnessing significant amounts of M&A activities.

In some cases, M&A is happening as attractive targets emerge; in some other cases, acquisitions of small or weak companies are happening because they are available at a low acquisition price.

Interested? Send a note to – consult@eai.in

Why Due Diligence is critical in M&As?

In all the M&A activities, or in related equity investment activities, a critical component is the due diligence of the target company and it is important for the following reasons:

  1. The renewable energy sector is new and hence carries with it a significant number of uncertainties, some owing to technology changes, and others owing to policy and regulatory changes/volatility.
  2. Due diligence is also important to be done on the target companies as many of these companies are small, with nascent technologies, with some of them also operating on new business models.

As a result of the above, Solar Mango has seen a significant increasing in the number of companies seeking our assistance for due diligence of Indian solar energy companies.

Utilizing our knowledge of, and leadership in the Indian solar energy sector, and exceptional professional contacts along the entire length and breadth of the solar energy industry, we offer Market & Technical Due Diligence services for along the entire solar energy value chain, both for solar photovoltaic and solar thermal.

Specifically for solar photovoltaic, Solar Mango can provide expert due diligence for companies in any part of the value chain:

  • Cell Manufacturers
  • Module Manufacturers
  • Solar power plant developers/IPPs
  • Solar off-grid product suppliers – solar water pumps, solar streetlights and lanterns, solar /LED combo products
  • Solar EPCs
  • Solar PV Component and sub-component manufacturers – trackers, mounting structures, inverters, cables, connectors, backsheets and more.
  • Other innovative solar solutions providers such as solar/wind hybrid products

Apart from the above, Solar Mango can provide due diligence & evaluation for solar thermal companies as well (solar water heaters, industrial process heating using medium temperature solar thermal technologies, and concentrating solar thermal for heat and power).

Solar Mango can provide due diligence/evaluation on the following:

  1. Technology Assessment – We can do an assessment of the solar technology/equipments used to determine their real worth in terms of what they can produce and their technological maturity/superiority
  2. Market Assessment – We can do a thorough assessment of the market for the product/solutions of the target company. This includes detailed research of the present and future demand and supply, competition, key drivers of success (including analyses of the key policies of the government and their impact on the company), and more. This part of the research will provide an effective understanding of the market structure and situation of the target company.
  3. Assessment of the Company Management – Successful solar energy companies need their top management to have both excellent domain knowledge of the industry, as well as possess strategic decision making skills. Solar Mango, with its team of industry experts as well as MBAs from top business schools, is well placed to do this part of due diligence for the target companies.

Solar Mango can thus assist those keen on investing in, or acquiring solar energy companies, with a comprehensive due diligence that includes a thorough technical, market and management due diligence.

With our expertise of the industry and our nimble work ethic, we can complete such due diligence in relatively short duration, providing the investor with critical intelligence and analyses to aid in their decision making.

Get to Know More

Download Our Solar Strategy Consulting Brochure

 

Case Study

Due Diligence of Solar Cell Manufacturing Facility

An asset reconstruction company wished to assess the business operation, market potential and technology feasibility of a large PV cell manufacturing company which manufactured crystalline solar cells.

But Solar cells business is not doing well in India. How to ensure that I place my bets right?

The client approached Solar Mango with this key question and did a technical and business due diligence study on the facility and assisted them in evaluating the key dimensions and presented comprehensive report on the same.

Due Diligence of a prominent Solar PV Cell manufacturer

  • Market Evaluation – Provided the client detailed information about the PV cell manufacturing scenario and existing manufacturing capacity in India. (DCR regulations, Anti-Dumping duty, WTO ruling etc.)
  • Technology Assessment – Inspected the cell manufacturing lines at the manufacturing facility along with our technical partner and provided a detailed due diligence evaluation of the same.
  • Management Due Diligence – Evaluation of the team and their preparedness to face the challenges and benefit from the opportunities.
  • Cost Evaluation – Accounting the overall cost of cell production and searching for avenues to reduce cell cost.

Talk to us

Email: consult@eai.in

About Us

Our specialized consulting division provides assistance in market research & business intelligence, market potential analysis, strategy consulting, technology vendor/supplier finder, technology & business due diligence, M&A assistance and more for the complete clean energy, environment and sustainability value chain.

We have assisted a range of stakeholders, small businesses/SMEs, startups, large corporations, state and central government, venture capital companies, private equity firms, investment banks, NGOs and more. Send a note to consult@eai.in if you wish to take our consulting help.

Our specialized consulting has benefitted clients all across India and select countries outside:

We has provided consulting & industry research assistance across India, having clients who have benefitted from our consulting or research from the following cities:

Ahmedabad | Amravati | Amritsar | Asansol | Aurangabad | Bangalore (Bengaluru) | Belgaum | Bhavnagar | Bhopal | Bhubaneswar | Bikaner | Chandigarh | Chennai (Madras) | Coimbatore | Cuttack | Dehradun | Delhi | Dhanbad | Durgapur | Faridabad | Firozabad | Gandhinagar | Gangtok | Ghaziabad | Guntur | Gurgaon | Guwahati | Gwalior | Hyderabad | Indore | Jabalpur | Jaipur | Jalandhar | Jalgaon | Jammu | Jamnagar | Jamshedpur | Jodhpur | Kalyan | Kanpur | Kochi (Cochin) | Kolhapur | Kolkata (Calcutta) | Kota | Kozhikode | Lucknow | Ludhiana | Madurai | Mangalore | Meerut | Mumbai (Bombay) | Mysore (Mysuru)| Nagpur | Nashik | Navi Mumbai | Nellore | Noida | Patna | Pimpri & Chinchwad | Pune | Raipur | Rajkot | Ranchi | Salem | Sangli | Solapur | Surat | Thane | Thiruvananthapuram (Trivandrum) | Tiruchirapally (Trichy) | Udaipur | Vadodara (Baroda) | Vijayawada | Vishakapatnam | Warangal

Countries worldwide where we have assisted clients through research reports or consulting

Australia | Austria | Bahrain | Belgium | Brazil | Canada | Chile | China | Croatia | Czech Republic | Denmark | Estonia | Finland | France | Germany | Hong Kong | Hungary | Greece | Iceland | India | Indonesia | Ireland | Israel | Italy | Japan | Kuwait | Latvia | Lithuania | Luxembourg | Malaysia | Malta | Mexico | Netherlands | New Zealand | Norway | Portugal | Republic of Korea (South Korea) | Russia | Saudi Arabia | Singapore | Slovakia | Slovenia | South Africa | Spain | Sweden | Switzerland | Thailand | Tunisia | Turkey | United Kingdom (UK) | United States of America (USA)

Specific Domains We Operate in

Solar Energy

Solar PV– Rooftop Solar | Residential Rooftop Solar | Commercial & Industrial Rooftop Solar | Ground Mounted Solar Farms | Solar Farm Operations & Maintenance | Solar Farm Monitoring & Control | Solar Power Integration with Grid | Offgrid Solar | Solar Water Pumps | Solar Street Lights | Off-grid Solar Homes ||| Solar PV Components – Solar Trackers | Single Axis Solar Trackers | Dual Axis Solar Trackers | Solar Inverters | Solar Power Plant Central Inverter | Solar Power Plant String Inverter | Solar Power Plant Micro-Inverter | Solar PV Mounting Structures | Solar Power Plant Monitoring & Control Systems | Solar PV Wafers | Solar PV Cells | Monocrystalline Solar Cells | Polycrystalline Solar Cells | Thin Film Solar Cells | Bifacial Solar Cells | Solar Modules/Panels | Solar Panel Backsheets | Solar Panel Aluminium Frames | Solar Panel Encapsulants | Building Integrated Solar PV | Solar PV Storage | Concentrating Solar PV |

Solar Thermal – Low-Temperature Solar Thermal | Solar Water Heating | Solar Cooking | Solar Drying | Medium & High Temperature Solar Thermal | Medium Temperature Commercial & Industrial Heating Using Solar Thermal | High Temperature Industrial Heating Using Concentrated Solar Thermal | Concentrating Solar Power | Storage for Concentrating Solar Power | Fresnel Lens based Concentrating Solar Power | Power Tower based Concentrating Solar Power | Parabolic Trough based Concentrating Solar Power | Dish based Concentrating Solar Power | Hybrid Solar Energy | Solar Wind Hybrid | Solar Biomass Hybrid | Solar PV / Thermal Hybrid

Bio-Energy

Bio-energy for Heating – Combustion-based Biomass Heating | Gasification-based Biomass Heating | Anaerobic Digestion based Biomass Heating

Bio-energy for Power – Combustion-based Biomass Power | Gasification-based Biomass Power | Anaerobic Digestion based Biomass Power | Biomass Combined Heating & Power | CHP Boilers for Biomass | Operations & Maintenance for Biomass-based Energy Plants | Biomass Storage | Biomass Pre-processing | Biomass Ash Management,

Bio-energy for Transportation – Ethanol | First Generation Ethanol | Second Generation Cellulosic Ethanol | Biodiesel | Biodiesel through Transesterification | Hydrogenated Vegetable Oil – HVO | Bio-butanol | Bio-methanol | Bio-CNG | Aviation Biofuels

Other Bio-energy – Biogas | Syngas

Bio-Energy Crops – First Generation Bio-energy Feedstock | Agricultural Waste Feedstock | Dedicated Energy Crops | Perennial Biomass Bio-energy Feedstock | Prominent Biomass Feedstock for Heating & Power | Sawdust for Heating & Power Generation | Rice Husk for Heating & Power Generation | Paddy Straw for Heating & Power Generation | Bagasse for Heating & Power Generation | Julieflora for Heating & Power Generation | Bamboo for Heating & Power Generation

Energy Storage

Electrical Storage – Capacitors | Superconducting Magnetic Energy Storage | Chemical Storage | Hydrogen Storage | Fuel Cells

Electrochemical Storage – Battery | Lead Acid Battery | Lithium Ion Battery | Emerging Battery Types | Sodium Sulfur Battery | Solid State Batteries | Battery Management Systems

Mechanical Storage – Pumped Hydro Energy Storage | Flywheel Energy Storage | Compressed Air Energy Storage

Sustainable Transportation

Sustainable Transport – Two Wheelers | Bicycles | Electric Bicycles | Electric Motorbikes | Electric Scooters | Electric Three Wheelers | Sustainable Car Transport | Electric & Hybrid Electric Cars | Battery-based Electric Cars | Hybrid Electric Cars | Plug-in Hybrid Electric Cars | Fuel Cell Electric Cars | Electric Light Commercial Vehicles | Electric Mini Trucks & Vans | Electric Buses | Fuel Cell Buses | Electric Heavy Commercial Vehicles | Electric Trucks | Sustainable Rail Transport | Sustainable Aviation | Fuel Cell Vehicles | Sustainable Transport Infrastructure | EV Charging Infrastructure | DC Charging for Electric Vehicles | AC Charging for Electric Vehicles | Battery Swap Stations for Electric Vehicles | Hydrogen Fueling Infrastructure | Sustainable Transport Fuels and Fuel Standards

Sustainable Transport Fuels – Biodiesel | Ethanol | Bio-CNG | Other Biomass-based Liquid Fuels | Hydrogenated Vegetable Oil – HVO