Certain Investor Owned Utilities Use A Project Viability Calculator While Evaluating PPAs With Solar Energy Farm Developer Teams

 

There are lots of actions a solar farm developer can take toward receiving a power purchase agreement. Just about the most important step could be the Project Viability Calculator. The Project Viability Calculator has been designed to ensure the electric companies can evaluate the viability of a renewable energy project when compared to other projects which are bidding into the renewable energy queue.

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The Project Viability Calculator uses numerous standard categories and sub-categories that assist in quantifying the strengths and weaknesses of the specific project. It is not a device to eliminate applications but rather screen them to help identify which projects provide the best chance of completing construction and becoming operational.

The electric utilities are under state mandates to realize renewable targets. As they receive applications for projects they utilize the Project Viability Calculator which in turn allows them to recognize which projects are most likely to assist them in meeting their alternative energy goals. What many folks don't know is the fact that electric companies are required to make use of the Project Viability Calculator to evaluate bids.

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In case your project is planning to win a power purchase agreement, the first step is making sure you understand the Project Viability Calculator fully. Commercial Solar Design focuses on this type of co-developer work and is also interested in assisting you with your solar energy farm project.

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Another remarkable aspect to the Project Viability Calculator is the fact that the electric companies may modify the Project Viability Calculator within certain guidelines. As an example, the electric utility company may add criteria and modify the criteria ranking. They can't, on the other hand, delete existing criteria or add brand new categories. An electric utility company cannot modify scoring guidelines and any modifications in the official Project Viability Calculator must be clearly explained and documented.

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If you score well on the Project Viability Calculator you then are more likely to win a power purchase agreement. Unquestionably the Project Viability Calculator is another vital step any solar energy farm project developer must complete exactly. Ensure that it suits the design of the project. As a final point, make sure your Project Viability Calculator is targeted to the power purchase agreement program you're applying for.

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Finally, for those that have followed all these ideas closely, you will have sufficient important information to contact a company for instance Commercial Solar Design. You are setting out to "Climb this mountain", and now you've begun!

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