How BDO supports CS Energy with their renewable energy projects

CS Energy Limited (CSE) is a Queensland Government-owned provider of electricity which generates and sells electricity in the National Electricity Market. CSE invests in renewable energy assets, including solar and windfarms, renewable hydrogen, as well as batteries, to support retail energy supply to commercial and industrial businesses.

Project description

We supported CSE on a range of major renewable energy projects, including:

• Confidential 250MW+ central Queensland wind farm (current)
• Boulder Creek 200MW Wind Farm (current)
• 18-month wind, solar, hydro, and hydrogen modelling secondment (projects confidential).
• Brigalow lateral gas pipeline. 

BDO's role

BDO was engaged as the financial and commercial adviser on major CSE projects to provide the following services:

• Support large-scale transactions through financial model reviews considering share purchase agreement terms, commercial advisory services, model assumption checking and validation, as well as direct and indirect tax advice. This  involved significant and regular interaction with the client and the broader transaction teams on both the buy and sell side.
• Financial modelling across separate engagements to assist with the investment evaluation for wind, solar, hydro, and hydrogen projects, as well as workforce modelling and market outlook modelling.

Project outcomes

Our work on recent renewable energy financial and commercial projects for CSE demonstrates contemporary renewables expertise, including familiarity with working with energy modelling outputs and the specific costs associated with energy projects (e.g. grid connection costs) and with the commercial arrangements that underpin and inform energy projects including from a revenue perspective (e.g. Power Purchase Agreements (PPA) or merchant based revenues) and from a cost/delivery perspective (e.g. engineering procurement construction (EPC) contracts, O&M contracts, etc.).