Kaiserwetter Launches IRIS, Cutting Renewable Energy M&A Due Diligence to 5 Days
Kaiserwetter Energy Asset Management GmbH (Kaiserwetter) today launched IRIS, an energy IntelliTech innovation, to significantly reduce the time and cost of wind energy M&A transactions. The company will be demoing the data intelligence service along with its ARISTOTELES platform at REFF-Wall Street 2019 in New York City this week.
IRIS uses proprietary algorithms and smart data analytics to quickly produce detailed due diligence reports that identify and assess asset risks and performance. By digitizing this process, IRIS can produce these reports in five days or less, lowering transaction cost and expediting asset valuation and deal closing.
"Traditional due diligence reports for wind energy deals can take five weeks or more, but IRIS can produce more detailed and accurate reports in a matter of days," said Martin Kornemann, chief data officer at Kaiserwetter. "This is a real game changer for wind energy M&A work."
Last year was a banner year for renewable energy M&A transactions in the U.S. In 2018, 9,855 MW of wind energy were sold, according to FTI Consulting. With the impending production tax credit (PTC) cliff, experts believe that there will be a significant increase in onshore wind M&A activity through 2020.
Making the due diligence process for wind deals easier, more efficient and informative, IRIS's reports include asset health status information, energy production insights, performance analytics, meteorological analysis, temperature analytics and data quality information.
One of the unique and most valuable portions of IRIS's report is the potential analysis?an assessment of the possible increase in asset performance (potential gain). Regarded as a "magic number" for the entire investment cycle, the analysis shows the potential that exists from a technical perspective for improving investment return.
In addition to providing data intelligence for M&A transactions, IRIS can also create status reports for asset holders, financing banks and rating agencies of wind farms who are looking for comprehensive information regarding performance and technical conditions at any given point in time. When the reports are created on a regular basis, they can help these clients develop an independent and data-based perspective on the wind farm. These periodic status reports can give investors certainty regarding long-term performance, especially when it comes to asset-based capital market products (e.g. bonds). These reports can also help detect the causes for underperforming assets and identify weak spots.
IRIS is the first technology outgrowth of ARISTOTELES, a cloud-based IoT platform performing Data Analytics as a Service (DAaaS) launched in 2017. Developed in partnership with SAP, ARISTOTELES turns complex and unstructured technical and financial data into valuable and actionable real-time intelligence for investors and financial institutions to minimize investment and lending risks and maximize monetary returns and cash flows.
"IRIS is a natural extension of our ARISTOTELES platform, and like that platform, it will help catalyze investment into renewable energy," said Hanno Schoklitsch, CEO of Kaiserwetter. "IRIS will save investors, sellers, financing banks, rating agencies and M&A consultants valuable time and money."
For more information about IRIS, visit www.kaiserwetter.energy. For a demo, contact Claire Sharp, Kaiserwetter's head of business development in North America, at [email protected].
About Kaiserwetter Energy Asset Management GmbH
Kaiserwetter is the market's first energy IntelliTech company, providing Data Analytics as a Service (DAaaS) to catalyze investments into renewable energy. The company's digital intelligence product suite includes its award-winning, cloud-based IoT platform ARISTOTELES, which uses smart data analytics, predictive analytics, and machine learning to minimize investment risks, maximize returns and create financial transparency. Also, IRIS, the company's web-based Analytics Machine, providing detailed due diligence analysis for wind energy M&A transactions and quick insights into the current state of existing wind assets. And ZULU, the world's first online service configurator, enabling customers to modularly configure services related to the technical and commercial management of renewable energy assets, creating transparency and minimizing operational expenditures.
Kaiserwetter offers its specialized digital services to all stakeholders as part of an investment process and throughout the entire investment cycle on a worldwide basis. Clients include investment funds, private equity investors, infrastructure funds, financing institutions, insurance companies, supranational organizations, rating agencies and energy companies. The company, which was founded in 2012, is headquartered in Hamburg with offices in Madrid and New York and is in the process of expanding into China and India.
Further information about Kaiserwetter, visit www.kaiserwetter.energy or follow the company on LinkedIn and Twitter.
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