Project Experience

Confidential International Bank – Independent Review of Landfill Gas-to-Energy Portfolio to Support Financing

Expert review and certification of funding requests

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Cornerstone provided due diligence services on behalf of a confidential international bank in support of more than $25 million of financing for a portfolio of six landfill gas-to-energy projects.

Cornerstone reviewed and certified funding requests during project construction and certified project completion in accordance with the credit agreement prior to conversion of the construction loan to a term loan.  Cornerstone continues to review the technical performance on behalf of the client to compare project operations to loan performance requirements.

Key Project Activities

  • Project agreement review
  • Project permit review, including air emissions and construction permits
  • Review of the gas generation and collection potential
  • Technical review of the proposed beneficial use equipment and project design
  • Pro forma review to verify operating costs and revenue assumptions
  • Verification of capital contributions by the project sponsor