[Oct. 2021] At troveo, we frequently receive inquiries on existing power plants, primarily gas-fired, which can continue to be operated on site.
For example, since last month, an internationally well-established utility company from East Asia (China excluded) is looking via troveo for ROMM investments (Rehabilitation, Operation, Maintenance, Management): The targeted Open Cycle or CCGT type power plants of at least 150 MWe capacity shall be prematurely shut-down and/or shall require rehabilitation or upgrade for prolonged or enhanced operation. Turbine generation sets of major OEMs (such as Siemens, MHPS, GE) are preferred. For this particular service provider or investor, an ongoing PPA is essential. When acquiring ownership, purchase prices shall depend on assets’ condition, scope of work and contract models (e.g. full takeover, share acquisition, full ROMM contract).
Since the beginning of 2021, a financially strong European investor in the energy sector, also having a dedicated business unit for power plant construction and overhaul, is looking for still operational, gas-fired power plants with either gas turbines or gas engines. Through a capital investment in such plants of more than 20 MW capacity, the investor relieves the existing owner also from any investment costs due and in addition might opt to take over the entire operations.
With such customised searches for existing power plants’ shareholding, the product profiles in the used market expand beyond mere dismantling, relocating and recommissioning at new sites.
troveo team provides advice and hands-on support in the search for owners of such exiting power plants, i.e., for plants which may still be operated at the existing location. Contact us if you are interested to present your power plant as an investment alternative and wish to enter into dialogue with interested financial co-investors and shareholders. troveo is pleased to help you.