Recent projects

6002
Model Audit (Financial close)

Maasdijk & Warmte Netwerk Westland 60MW Geothermal Project

This was a Geothermal project in the Westland area of the Netherlands which is known for its greenhouse entrepreneurs. The project is expected to contribute around 45MW -60MW to the heat supply in the area and service around 70 horticultural businesses, which is equivalent to heating needs of around 50,000 households. The Projects are together developing a geothermal energy system consisting of three doublets, which will be realized in the village of Maasdijk in the Westland area of The Netherlands. Gridlines assisted by providing a model audit for the benefit of the borrower and the lending group, and this is one of the first geothermal project financings of its kind in Western Europe.

HVC

Undisclosed

HYDRO
Model Audit (Bid modelling)

Mphanda Nkuwa Hydropower Project

The Mphanda Nkuwa Hydropower Project is to design build finance maintain and operate a dam and 1.5GW hydropower plant, which will be built along the Zambezi River in the Tete province in north Mozambique. The new dam will provide low-cost electricity to the southern African country and help position it as a regional exporter of clean, renewable energy. The dam will link Tete to capital Maputo via a transmission line of around 1,300 kms (800 miles). Gridlines supported EDF and TotalEnergies with a model audit at bid submission, and they have subsequently been appointed preferred proponent, and will enter into a partnership with the Government of Mozambique.

EDF, TotalEnergies

Undisclosed

Red sea
Model Audit (Bid/FC modelling)

Amaala Utilities PPP

Amaala is one of Saudi Arabia’s gigaprojects, with the aim of developing a Red Sea tourist destination that will be powered by fully by renewable power sources, with an aim to reduce half a million tons of CO2 emissions every year. The Amaala Utilities project will include the development of a reverse osmosis desalination plant, capable of producing 37 million litres of water per day, and a wastewater processing plant, and a solar PV plant of 250MW powering both the utilities facilities and the residential complex (comprising around 10,000 households). Gridlines supported EDF and Masdar with a model audit at bid submission, and they have subsequently been appointed preferred proponent for this landmark project.

Masdar and EDF (sponsors in the project)

Undisclosed

picture of a vehicle bridge over the water
Model Audit (M&A)

A25 Extension P3 Sale

The A25 Concession covers a 7.2 km toll road and bridge network that serves as a vital component of the Greater Montréal transportation network. The A25 toll road has been in operation since 2011 and was owned and operated by Transurban Group since June 2018. The Transaction involved the sale of Transurban’s 50% equity stake to CDPQ at a valuation of $355 million, and took place in February 2023. Gridlines supported the parties in this transaction, by reviewing the financial model, and had previously supported Transurban in an earlier refinancing.

Transurban and CDPQ

£280m

Nam-Theun
Financial Model Transaction Support

Nam Theun 2 - Solar

Financial modelling support through to financial close on this Utility Scale 240 MW floating solar power plant in Laos.

EDF

Undisclosed

Olsztyn-Waste-Energy-plant-Poland-thumbnail-scaled-1
Financial Model Transaction Support

Olsztyn WTE

Financial modelling support through to financial close on this WTE plant in Poland, serving 270,000 residents.

Meridiam

Undisclosed

tppas_legok_nangka
Financial Model Transaction Support

Legok Nangka WTE

Financial modelling support through to bid on this ground-breaking WTE plant in Indonesia.

Sumitomo

Undisclosed

motorway_scene
Financial Model Development

A3 Nordbayern Operational Model

Development of the operational model used by Eiffage to monitor the ongoing performance of this 1.5Bn EUR road development.

Eiffage

Undisclosed

half-empty-reservoir-1024x682-1
Financial Model Development

Price Review 2024

Development of the financial model used by Ofwat in its PR24 price determination. The model will be used to sett the prices across the UK wide water industry.

Ofwat

Undisclosed