This Overview Can Be Described As A Place To Start For Those Who Are Interested In Putting In A Solar Farm On Vacant Acreage
Currently there are 2 solar farm sizes that maximize revenue and fit nicely into the California program formats. The first is a 3MWp AC farm which can be about 3.5MWp DC. The next size option is as near as you can get to 20MW AC or 23.5MWp DC. The two farm sizes fall under different electric utility company programs. This project overview document focuses on 20MWp projects.
This guide is made to provide property owners with a model so that they can participate in the solar farm industry.
Most solar farm development groups search for a suitable section of land and offer to lease or purchase the land. A great number of land owners usually aren't interested in selling but consider leasing. Upon close evaluation the landowner discovers that the lease option is not so superb.
Solar Land Partner's solar farm business plan addresses this challenge in lots of ways as described in this outline.
Owner participates directly with Solar Land Partners in the development stage. Owner's contribution includes a modest $550-775K to cover permitting, application costs as well as other costs involved with the development of a solar farm business plan. The majority of this cost is really an electric utility company deposit of $20K/MW applied for. Ex. 20MWp solar farm PPA application requires $400K deposit.
The particular legal framework along with professional work needed to complete the initial development work are provided by Solar Land Partners so a project is shovel ready. By working together with each other the landowner keeps cost down but, more importantly, participates in the upside of the project well beyond a straightforward lease payment.
Whenever the project reaches a specific stage it is offered to investment groups who are positioned to invest in the solar farm project. Such groups come in and do the heavy lifting financially by providing the construction funds and so on.
As soon as the project funds, the landowner will get his initial capital outlay back 2x. The land lease is negotiated at a competitive rate and the landowner receives an equity position in the project. The long term equity position is of terrific importance but can certainly be negotiated as a onetime net present value buyout.
Another option for 20MWp solar farms includes the example where the land is owned by a person or investor group who fund the complete project in house. Solar Land Partners provides turnkey services from permitting to interconnection and ongoing O&M.
The solar farm business plan outline details specific tasks to be completed using this project introduction. Work undertaken includes;
Working with the building department the landowner and Solar Land Partners collaborate to satisfy permit issuance which includes supplying engineering and Submittal Package documents.
Securing of a PPA contract with the electric utility with a favorable rate consistent with the proposed solar farm and expected financial forecasts for this project is also outlined in the project financial documents.
Negotiations on prices with qualified EPC company to supply a best-bid analysis and evaluation of the long term stability and record of all vendors to assure that the financial dividends projected are achieved from the solar farm investment decision.
Oversee the project implementation through construction and interconnection.
Provide continuing operation and maintenance services.
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