Prowa invests across greenfield, brownfield, and operating assets, applying the same discipline and precision across every stage of the energy value chain. Greenfield exposure is limited to projects where risks are clearly defined and fully mitigated through bankable contracts and guarantees. Brownfield and expansion capital targets operational improvements that directly increase free cash flow.
Operating acquisitions focus on assets backed by reliable counterparties and clear paths to refinancing or strategic exit. We never rely on artificial timelines to drive returns. Instead, we emphasize disciplined execution and strong governance until the case for redeployment is demonstrably superior. Any project that shows unresolved red flags under our risk policy is either excluded from the portfolio or remediated before further capital is committed.
In hydrocarbons, we focus on assets with stable resource access and efficient processing performance. In renewables, we target utility-scale solar, wind, and hybrid projects supported by robust PPAs and realistic assumptions around curtailment and grid integration.
Across all sectors, our guiding principle is risk control. Technology must be proven at scale. Contracts must be enforceable. Environmental obligations must be met. We evaluate substitution and stranding risks early, ensuring every capital decision made today stands firm under tomorrow’s market and regulatory realities.
Abundant resources and rising investment demand in emerging ones. We invest in jurisdictions where permits are credible, contracts are enforceable, and access to skilled labor and logistics is practical and efficient. Each market is evaluated on its own terms, with risk assessments tailored to local realities. Our due diligence covers title certainty, rights of way, community and HSE standards, currency convertibility, and the stability of fiscal and tariff regimes. From the outset, we build local partnerships and align with lenders and development finance institutions to ensure clear and balanced risk allocation before any capital is deployed.
We start with targeted origination and screening, aligning each opportunity with Prowa’s investment thesis, market focus, project stage, and ESG or CCUS priorities. From there, we conduct comprehensive due diligence across commercial, technical, financial, legal, and ESG dimensions. Every element is verified in detail, including permits, land rights, counterparties, technology reliability, and AML/KYC compliance. Pricing and structuring run in parallel to define the optimal entry terms, capital structure, covenants, and performance-linked conditions. Each investment committee decision is backed by a fully integrated risk-return case and a 100-day action plan outlining budgets, capex priorities, operational milestones, and reporting cadence.
Execution includes all critical steps, signing, conditions precedent, funding, insurance, and transition planning, handled with precision and speed. During ownership, we maintain active performance oversight, tracking results monthly and quarterly while regularly reassessing options for refinancing, listing, or strategic sale. At every stage, we apply clear escalation triggers. Financial opacity, compliance risks, unproven technology, weak contracts, or fragile coverage ratios are investigated immediately, and if issues remain unresolved, we walk away.
