Pre-DPI® Accreditation for Technology
According to the European Investment Bank (EIB), many technologies enter the "Valley of Death" due to the technology risk involved and the long development timelines.
At Allied, we see many technology manufacturers struggle to balance the competing needs of profitability and bankability from technology concept through to commercial deployment and them providing a guarantee to a project developer or EPC contractor.
Allieds' Debt Protection Accreditation Programme: is designed for technology manufacturers who have an operational demonstration unit, with a reasonable period of the operational data to bridge the "Valley of Death" and look to commercial deployment of their technology.
The technology accreditation starts with an initial in-house due diligence review of documented evidence of the process. The review, which is at no cost, is to determine the possibility of reaching successful commercialisation and suitability of the provision of guarantees through Debt Protection Insurance (DPI®) Which when commercially deployed available to the project developer, subject to the due diligence required under the Debt Protection Platform.
This initial review is to understand the current status of the demonstration unit, history, due diligence, third party reviews and testing regimes, proposed manufacturing approach- achievable quality and productivity, the fabrication of all components, and ensuring that the various elements are built to comply with industry best practice, both in terms of materials and manufacture. Any gaps or areas of concern identified are ranked for further discussion.
Should further detailed due diligence be required, we will discuss this with you in detail with you including with an estimation of time and cost.
Based on the completeness of the data and information provided (in English) we issue a report that summarises the acceptability of the technology which could include a Statement of Suitability for DPI® which is provided by your broker, after review and acceptance.
The accreditation will have an identification number which is specific to the process on which the due diligence was carried out. Any variations to the original process and to the due diligence would not be covered by the accreditation and additional due diligence would be required.
A range of DPI® Approved technologies will be available under an Allied financed turn-key for project developers.
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Benefits of DPI® accreditation; Concludes
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By using our accreditation service, you can maximise the benefits of the DPI® accreditation provides cost and time-saving benefits to you, your EPC and O&M contractor.
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