Large Scale Solar PV Project Development

Selecting the right renewable energy projects requires careful consideration of several key fundamentals. These fundamentals ensure that projects are viable, sustainable, and profitable, aligning with the interests of all stakeholders, including project owners, debt funders, equity investors, and project developers.

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The Key Fundamentals for Renewable Energy Project Selection 

1.    Financial Maturity and Capability of Project Owners​

• Ensures project owners can support the project's financial demands and navigate financial complexities.

2.    Transparency in Providing Key Data

• Transparency in data is like having a clear blueprint; it allows everyone to understand the project's scope and feasibility.

• An accessible online cloud data store using Dropbox, OneDrive, or Google Drive facilitates trust and informed decision-making among all stakeholders.

3.    Site Selection and Land Acquisition​

• Grid Connection's high costs can negatively impact the feasibility of Renewable Energy projects, so early determination saves a lot of time and money. Sharing connection costs with other IPP projects can improve the situation and enable the feasibility.

4.    Regulatory Environment and Permits

• Navigating regulations is like following a complex roadmap; it ensures you stay on course and avoid pitfalls.

• Ensures legal compliance and reduces the risk of delays or penalties.

5.    Technology and Equipment

• Using new innovative Jurchen Technology PEG ground mount substructure systems will improve the profitability of Solar PV projects due to the reduction of your project's CAPEX and OPEX costs by;

  • CAPEX - 90% of machine costs in implementation, 50% of logistics costs and 70% labour costs

  • OPEX - There are NO moving parts in the PEG ground mount system as there are only four or five metal parts. The OPEX cost is reduced to cleaning and maintaining modules/panels, inverters, and cabling.

• Ensures reliability, efficiency, and longevity of the project.

6.    Financial Feasibility and Funding Structures

• Ensures the project is financially viable and attractive to investors.

7.    Power Purchase Agreements (PPAs)

• Securing a PPA with a reasonable tariff is like having a guaranteed market for your products; it ensures steady revenue and financial stability.

• Provides financial stability, predictability, and profitability. Targeting an IRR of 12-14%.

8.    Off-taker's Financial Capability

• A reliable off-taker is like a dependable tenant; they ensure consistent income and stability for the project.

• Ensures that the off-taker can meet financial commitments and support project viability,

9.    Community and Stakeholder Engagement

• Engaging stakeholders is like cultivating a community garden; it fosters growth, support, and sustainability.

• Ensures community support and mitigates social risks.

10.    Environmental and Social Impact

• Minimizing environmental impact is like maintaining a clean and healthy environment; it ensures sustainability for future generations.

• Ensures sustainability and compliance with environmental standards.

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Contact us today to learn more about how we can help you achieve your energy goals.

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