Transactions
Overview
Buyers, sellers, and lenders intending to transact in renewable energy projects, portfolios, or platforms require a robust and independent assessment to help identify and mitigate risks and unlock upside potential. Thorough commercial, legal, technical, and environmental due diligence—combined with a solid post-merger integration strategy—are the foundations of any successful transaction.
We bring unique experience and perspective to deal teams gained from decades of operating in the sector. We know projects inside and out and can help you to quickly identify those most value-accretive opportunities and the most significant risks that can either build or destroy value.
Sub-Services
Our M&A services include:
Technical Due Diligence
From energy resource and technology assessment to permitting risk, contracts, and cash flows we provide buy and sell-side technical due diligence solution covering all renewable energy technologies and every corner of the world. We are a trusted partner for infrastructure funds, developers, and utilities for making strong and profitable renewable energy investments. Our clients know that it requires in-depth understanding of the market, policy and legal framework, asset performance and costs, and project finance to accurately assess opportunities and risks. Another key value proposition is our understanding of various cost factors that can support clients in making those strategic investment decisions.
- Technical due diligence (buy-side/sell-side)
- Market development analysis and outlook
- Commercial portfolio screening
- Assessing investment strategies
- Contractual Due Diligence
- Contract Benchmarking (T&Cs and IRR comparison)
- Operations review and benchmarking, including ground-up modelling
- Risk mitigation strategy
- Negotiation and Closing support
Commercial M&A Advisory
For decades our team has been a trusted advisor for private equity funds and industrial companies. With our in-depth research and industry experience combined with our independence, we are a preferred partner, having conducted 50+ commercial due diligence assignments and acted as both buy-side and sell-side advisors. Whether you are looking at an acquisition, sale, or refinancing, we are an unbiased partner for our clients in screening investment opportunities, preparing target assessments or conducting vendor or commercial due diligence. We consult you on such tasks to ensure solid and detailed data, analysis, and advice, allowing our clients to draw well-informed conclusions and prepare successful investment and exit strategies.
- Buy-side and vendor due diligence work
- Revenue analysis and forecasts
- Competitor analysis and assessment of the customer landscape
- Company positioning and benchmarking
- Screening new investment opportunities
Lenders Advisory and ESDD
Our Lenders Technical Advisor (LTA) and Lenders Environmental & Social Advisor (LESA) services are led by a team with decades of experience on successful project financings covering wind, solar, BESS, and emerging energy technologies, including construction and operational monitoring. Our M&A team works with clients to navigate complex Lender’s requirements (e.g., IFC performance standards, EBRD, etc.) through a complete environmental and social due diligence (ESDD) service.
Material Assistance Compliance / FEOC Due Diligence
We have developed a proprietary framework and reporting format for Material Assistance Compliance which covers Foreign Entity of Concern (FEOC) due diligence and clearly outlines the approach so developers, tax equity investors, lenders, and counsel can all stand behind it.
Case Studies
Our Industry Experts
Chris Houston
Partner | Global Service Lead, Finance & Transactions
Chris Houston is a Partner at CoralPoint and Global Lead for the firm’s project finance and M&A services. Chris is a seasoned renewable energy professional with over 16 years of experience, covering onshore and offshore renewables. He has held senior roles across both project development and consultancy, including most recently serving as Director and Global Practice Lead for Offshore Wind Advisory Services at UL Solutions and prior to that as an Associate Director in ERM’s M&A services group. Chris spent six years as a project developer for SSE Renewables, followed by more than a decade in technical consultancy, where he has delivered complex due diligence and market intelligence services across over 30 GW of offshore wind, onshore wind, solar, and BESS projects. He has led GW’s of Lenders Technical Advisory (LTA) mandates, Lenders Environmental & Social Advisory (LESA) and ESG Due Diligence, Equator Principles and IFC Performance Standards gap analyses, and the development of Environmental and Social Action Plans. Chris earned his BA in Business Management at Glasgow University and his MS in Environmental Studies from The University of Strathclyde.
Deepak Chinnapa
Partner | Global Service Lead - Strategy & Commercial
Deepak is a Partner based in our Hamburg office and leads the firm’s global strategy and commercial consulting practice. He joined Brinckmann in 2021 having spent more than a decade in the renewable energy sector within research and consulting. Deepak brings strong industry know-how and advises companies across the renewable energy value chain. Within consulting, Deepak advises a string of companies such as Asset Owners, Developers, Institutional Investors, PE Funds and Supply Chain Players, present across the value chain on key topics across the energy transition landscape. He has extensive experience in supporting companies on commercial due diligence work covering component and service-related M&A opportunities and provides analysis on the market and technology-related forecasts, asset owner strategies, and policy and regulatory developments. Prior to joining Brinckmann, Deepak worked as a Managing Consultant in Wood Mackenzie’s power and renewable business where he provided advisory services covering the wind, solar PV, energy storage, and power markets. In the past, he also worked in the wealth management divisions of Citibank and JP Morgan Chase in India. Deepak holds a B.SC in Business from St. Josephs College of Commerce in India and an MBA from Aarhus University, Denmark.
Ali Ghorashi
Partner | Managing Director, Energy Infrastructure Finance & Transactions
Ali Ghorashi is a Partner at CoralPoint Group, where he leads the firm’s Energy Infrastructure Finance and Transactions practice for North America out of San Diego, California. In his role as Managing Director, he applies his perspective to specific gaps in the energy market, providing independent, senior-led advisory to CoralPoint clients, with the depth of a large platform and the agility of a focused team.
Over the past 16 years, Ali has worked at the intersection of engineering risk, project finance and M&A, and energy policy, advising on transactions that span the full lifecycle of clean energy infrastructure. His practice covers onshore and offshore wind, utility-scale solar, battery storage, thermal generation, high-voltage transmission, low-carbon molecules, carbon capture and sequestration, and geothermal. That breadth is uncommon in a single practitioner, and it reflects a career built deliberately across technologies rather than within a single vertical.
Prior to CoralPoint, Ali served as Senior Vice President of Energy Infrastructure Finance and M&A at DNV, the global independent engineering and assurance firm. There, he built and led what became one of the largest and most diversified technical due diligence practices in North America, growing from a wind focused engineering team into a platform that served developers, lenders, tax equity investors, and private equity sponsors across every major asset class in the sector.
Ali’s core skill is converting detailed engineering analysis into the language of investment risk. Over his career, he has advised energy infrastructure funds, private equity firms, project lenders, tax equity investors, developers, utilities, IPPs, and federal stakeholders including the U.S. Department of Energy. That range of relationships, across both the buy side and the sell side, as well as across both public and private capital, gives him an integrated view of how transactions actually move through the market and what drives them.
He is a regular presence at industry forums including GreenFin, ACP Cleanpower, Reuters Utility Scale Solar and Wind, Infocast Project and Money, and Tamarindo, he’s been featured on Todd Alexander’s Norton Rose Fulbright ‘Currents’ Podcast, and has been quoted in Forbes, the New York Times, and Business Insider.
Dr. Ghorashi holds a Doctor of Philosophy and a Master of Science with Distinction in Mechanical Engineering from the University of Bath, United Kingdom. His academic training in engineering systems, combined with more than a decade and a half of transaction experience, gives him a perspective that is both technically grounded and commercially fluent, a combination the advisory market rarely produces in a single individual.
Ali lives in San Diego with his wife and enjoys hiking, skiing, and playing tennis.
Sebastian Chivers
Co-CEO
Seb provides strategic direction to the CoralPoint executive team and helps to shape the vision and long-term growth plan for the business. Seb has spent his entire career in the consulting industry, building teams and solutions for clients in the renewable energy sector. Before joining CoralPoint, Seb was Managing Partner and Global Co-Lead for Renewables at ERM, the world’s largest sustainability consultancy. Prior to ERM, he founded and served as CEO of The Renewables Consulting Group (RCG), a global management consulting and technical advisory firm which was acquired in 2021. Prior to this Seb was President for the North America renewables business at the TÜV SÜD group, based in New York. Over the last two decades, Seb has worked with utilities, private equity firms, pension funds, insurers, industrial clients, and government agencies for on- and offshore wind, solar, and emerging energy technologies. Outside of work, Seb enjoys spending time in the mountains or on the golf course, where he is preparing his 4-year-old son, Ludo, to be the next Rory McIlroy.