Energy & Utilities

Energy is now a major political and economic challenge. High oil prices, volatile commodity prices, insecure supplies due to geopolitical uncertainties, the scarcity of resources in the context of booming demand from emerging countries, and the concerns raised by global warming are many reasons impacting the changing global energy landscape.

Industry players will face a regulatory environment characterised by greater complexity, exposure to greater market risks, and new environmental expectations of consumers. We provide a full range of bespoke services to the energy sector, drawing on the combined skills and expertise of our Energy team who specialize in the following areas:

Oil and gas

Renewables

Mining and exploration

Utilities

 

Oil and gas

The oil and gas industry is facing challenging times, particularly from the increased internationality of the sector and commodity price volatility.

We understand that managing the challenges in the industry will typically include:

  • Managing price risk by hedging contracts;
  • Creation of tax efficient structures; and
  • Managing industry regulations.

We help our oil and gas clients meet their key objectives by offering them an efficient and integrated service from offices across five continents. We work as one firm across all departments and geographies which enable us to provide our clients with a seamless service wherever they are located in the world.

We have considerable experience in working with a wide range of oil and gas clients. Our clients range in production capabilities from those in the early stage of exploration to those with proven reserves and in the production phase. We also work with an extensive number of companies involved in oil and gas downstream activities.

We believe that being aware of human rights issues is high up on the agenda of oil and gas companies as, to operate; the industry relies on local communities. Companies are well aware of the benefits to all stakeholders of placing an emphasis on healthcare, education and the environment. We specialise in helping companies formalise their human rights procedures and implement policies throughout the supply chain.

With a strong portfolio of clients in this sector – from successful niche players to large international companies – Mazars has the experience and expertise to help.

 Our services

Our oil and gas sector specialists offer a range of services to meet the business needs of our clients. We have an in-depth knowledge of the issues you face and the experience to help you.

 

Power Generation and Renewable Energy

Mazars’ specialist power generation and renewable energy team supports project developers, investors and funders across the world with project finance, corporate finance, tax, accounting and assurance services. We provide a full range of bespoke services to developers, funds and banks in the power generation and renewable energy sectors, drawing on the combined skills and expertise of our power generation and renewable energy team covering the sector globally.

Our expertise includes:

  • Project finance advisory
  • Buy-side and sell-side M&A advisory
  • Investment support and project and portfolio valuation
  • Transaction support and financial due diligence
  • Bespoke financial modelling
  • Model audit
  • Specialist tax and accounting

Power generation and renewable energy project experience spanning continents

Using Mazars’ presence in 86 countries, we combine local market knowledge with power generation and renewable energy sector and project finance expertise. Mazars supports project sponsors, funds and banks in infrastructure, power generation and renewable energy transactions throughout Europe, Middle East, Africa and the Americas. 

With a team of over 20 project finance advisory, tax, and modelling professionals worldwide who are specialists in power generation and renewable energy projects, we have capacity to handle large, demanding transaction processes to strict timetables. This includes, for example:

  • supporting major infrastructure funds on cross-border wind farm portfolio acquisitions
  • providing equity valuations on a 140MW windfarm in a European CfD regime
  • supporting renewable energy yieldcos on a 250MW portfolio financings
  • carrying out multiple simultaneous bid stage financial model reviews in the South African IPP Procurement Programme
  • supporting ministries of energy on the procurement of Power Purchase Agreements
  • financial model, tax, and development cost due diligence on a 300MW thermal power IPP in Africa

Mining and exploration

Mining and exploration companies compete and operate on the global stage. Typically, corporate Boards and assets are located throughout the globe and are rarely in close geographic proximity to each other. As such, from our experience, we understand that key management objectives usually include the following:

  • the safeguarding of assets,
  • the production of timely, relevant financial information, and
  • the tax efficiency of the corporate structure

To help our mining and exploration clients meet their key objectives, Mazars offers an efficient and integrated service from the 61 countries in which we are located and coverage in a further 21 countries through our membership of the Praxity Alliance. This enables us to provide our clients with a seamless service wherever they are located in the world.

We currently act as auditor for a wide variety of mining companies all across the globe.

We further believe that awareness of human rights issues is also high up on the agenda of most London listed mining companies. The mining industry usually relies on local and indigenous communities to extract the minerals they are seeking. Most mining companies understand that by looking after their communities in terms of healthcare, education and the environment, the more likely all stakeholders will benefit. At Mazars, we specialise in assisting companies formalise their human rights procedures and help implement policies throughout the supply chain.

 Our services

At Mazars, we treat your challenges as our own and are committed to your company’s success. We have an in-depth knowledge of the issues you face and experience across the sector from start up to listed companies.

Mazars’ advice is tailored to your specific needs. We provide:

  • accounting support and outsourcing
  • business process improvement
  • corporate finance
  • corporate governance and risk management
  • corporate recovery and insolvency
  • employer solutions
  • financial audits
  • human rights and business consulting
  • information systems audits and advisory services
  • reporting accountant services and other IPO services
  • tax planning and compliance
  • transaction support.

 

Utilities

Spurred by growth in emerging countries and new sources of energy, globally, the utilities industry is exposed to great challenges as it continually confronts new regulatory frameworks together with the scarcity of resources.

Our knowledge and experience of the utilities industry enables us to understand key management objectives associated with the industry which typically include the following:

  • Managing current and new sources of energy,
  • Reaching the appropriate scale of operations across geographical and activity segments, and
  • Meeting and influencing regulatory requirements, as well as managing expectations from customers (eg energy efficiency and tariffs).

We currently act as auditor for a wide variety of utilities companies across electricity, gas, water and sewage. Thanks to our energy expertise from extraction to distribution, we provide sound assurance and advisory services throughout the energy value chain.  

Furthermore, with our integrated cross-border structure, we are able to support our clients in their home country as well as abroad – providing a seamless and tailored service on a global basis.

Our services

Our utilities sector specialists offer a range of services to meet the business needs of our clients. We have an in-depth knowledge of the issues faced by the sector and the experience to help with. Our services include:

  • accounting support and outsourcing
  • business process improvement
  • corporate finance
  • corporate governance and risk management
  • corporate recovery and insolvency
  • employer solutions
  • financial audits
  • human rights and business consulting
  • information systems audits and advisory services
  • reporting accountant services and other IPO services
  • tax planning and compliance
  • transaction support.

Recent projects

With a strong portfolio of clients in this sector – from successful niche players to large international companies – Mazars has the experience and expertise to help. 

Recent projects include:

  • statutory audit of subsidiaries of a top 5 international water, electricity provider and gas distributor,
  • transaction support for a top 5 international gas distributor,
  • expatriate tax services for a leading international electricity provider,
  • audit services to subsidiaries of a large water sewage treatment group,
  • audit services to a large UK water supply company,
  • consultancy and project management services as part of the review of the business plan of a gas distribution company on behalf of a gas regulator.