What are the key steps to develop a FC-proof OPEX budget?

An accurate and robust OPEX budget estimation is a key success factor for achieving project milestones such as Financial Close (FC) as it provides confidence to investors, banks and internal stakeholders.

Building up such a budget and the corresponding documentation requires market insights, dedicated tools and expertise that ensures appropriate reflection of project-specific factors such as local labour rates, union requirements, inflation, exposure to FX rates, insurance strategies, etc.

The inherent uncertainty in any estimation should be reduced over time by a coordinated set of activities, which is exemplarily shown in the figure below. PEAK Wind has developed numerous OPEX budgets and successfully brought them through FC into operation. Please contact Lead Consultant Matti Scheu or Lars Conradsen should you need any help on developing, reviewing or optimizing your OPEX budget.