90% Of Solar Farm Projects Will Never Get Funded. Know How To Develop A Bankable Solar Farming Venture

There are numerous aspects to a utility scale PV project. In this article we explain the different parts and likely problems.

Interconnection Application

By far, the most critical first steps is one that is fraught with possible problems. The electricity company wishes to confirm that they will be dealing with a group of professionals for a number of good reasons. The electricity company wants to be certain that it works together with organizations that will be as experienced and dedicated as they tend to be. One must approach the interconnection application with extreme research and analysis. Make certain that the application is designed in a way which fits with the in-house procedure of a specific utility. This is only possible as a result of in depth know-how and insight into a particular electricity company as well as knowledge of power purchase agreements.

Financial Modeling

The developer tries to have their venture financed and keeps getting declined and can't understand why. Solar Land Partners focuses on assisting investors, landowners and developers bring a project to a bankable footing. The team possesses the financing experience to modify your venture financials so they match the requirements of the different parties involved with the power purchase agreements as well as financing.

The Conditional Use Permit Techniques

The planning and building departments use their unique language not to mention work inside of a tightly designed set of ordinances. Those of you that learn how the process moves and exactly how to understand the possible mistakes your permitting process will run smoothly. As soon as you mismanage the approach you could find conditional use permitting to be extraordinarily elusive. A CUP professional is essential to help you get project through the process and gain CUPs to show project viability for power purchase agreements and construction capital.

Legal Frame-work and Special Purpose Vehicle LLC structure

If you do not possess experienced legal work the undertaking will likely become stuck at some point in the development process. Solar Land Partners' legal personnel is well-qualified with every aspect of this niche. The legal knowledge to take a project to the finish line is equally as vital as any other factor in the process. In fact, the legal foundation may well be the most important because it delivers a working foundation which will last the life of the project.

Industry Partners

The scoping process needs to be approached with an "A Team" way of thinking. A scoping conference should have a team of qualified executive members and the proper best-in-class partners supporting the project. From the utility's point of view who would they rather work with for the next 25 years? They definitely would rather have a group of experts over someone having little or no experience in electricity generation.

EPC Partners and Project Administration

The actual construction stage is easily the most costly part of a solar venture. Now is the time when you can make or destroy a project. Also the interconnection application is likely to be invalidated by the utility company when they are not both comfortable and familiar with the EPC company. More over the cost of the project will not fit any financial model without a skilled EPC organization. Lastly nobody will fund that project as they are familiar with cost overruns and other project killers. Every successful solar farm project offers the correct relationships with best in class EPC firms to make certain a project will be approved and finished on time and on budget.

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