A renewable-energy developer was preparing to seek external capital for a major project. Before negotiations progressed, it needed greater clarity around ownership, historical development funding and decision-making rights.

Amona Consulting developed a governance and structuring roadmap to help management address these questions.

The challenge

The business included a proposed holding company, an energy platform and other operating interests. Shareholder interests differed across entities, while the sponsor had funded development activity through personal and affiliated resources.

Several questions remained unresolved: Where should investors enter? Which entity should hold project rights? How should earlier contributions be recognised? How could investor protections coexist with effective project leadership?

These issues needed a clear commercial framework before detailed transaction documents were prepared.

What Amona Consulting did

We reviewed the proposed arrangements at group, energy-platform and project level.

Our recommendations covered:

• Investment structure: A dedicated project company, or ProjectCo, as the proposed vehicle for project-specific investment and financing.
• Ownership clarity: A transparent relationship between the wider group, energy platform and project company.
• Sponsor contributions: A verified record of historical expenditure, with its proposed treatment agreed during negotiations.
• Governance: Board representation and a distinction between daily management authority and major decisions requiring investor consent.
• Shareholder protections: Commercial principles for dilution, transfers, disputes and enforcement, subject to professional review.
• Implementation: An ordered programme of legal, tax, valuation, financial-modelling and due-diligence work.

Deliverables and value

The client received a governance roadmap identifying a proposed investment entry point, key negotiation issues and the work required to formalise the structure.

This gave management a clearer basis for discussions with investors and professional advisers.

The assignment delivered strategic recommendations. Incorporation, execution of agreements, effective separation of project liabilities and completion of financing depended on subsequent implementation.

What this means for project sponsors

Ownership and governance questions influence how an investment opportunity is understood. Addressing them early helps sponsors explain the project and identify unresolved issues before negotiations become binding.

Preparing your business or project for investment?

Amona Consulting helps sponsors clarify structures, governance and investor-readiness priorities.

Book an investor-readiness consultation.