This Overview Can Be A Place To Start In Case You Are Interested In Putting In A Solar Farm On Your Non-Income Producing Property
Currently there are 2 solar farm sizes that maximize revenue and fit nicely into the California program formats. The very first is a 3MWp AC farm which can be about 3.5MWp DC. The second size option is as close as you can get to 20MW AC or 23.5MWp DC. The 2 farm sizes fall under different electric utility company programs. This project overview document focuses on 20MWp projects.
This informative guide is designed to provide property owners with a template with which they can participate in the solar farm industry.
Nearly all solar farm development groups search for a suitable section of land and offer to lease or purchase the land. A great number of owners aren't interested in selling but give some thought to leasing. Upon close evaluation the landowner discovers that the lease choice is not so terrific.
Solar Land Partner's solar farm business plan addresses this problem in several ways as described within this outline.
Owner participates directly with Solar Land Partners in the development stage. Owner's contribution includes a moderate $550-775K to cover permitting, application costs and other costs associated with the development of a solar farm business plan. The majority of this expense is really an electric utility company deposit of $20K/MW applied for. Ex. 20MWp solar farm PPA request requires $400K deposit.
The particular legal framework and professional work required to complete the primary 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 from the project well beyond a simple lease payment.
Whenever the project is at a certain stage it is made available to investment groups who are positioned to invest in the solar farm project. Such groups come in and do the heavy lifting financially by supplying the construction funds and so on.
When the project funds, the landowner receives his initial investment capital outlay back 2x. The land lease is negotiated at a competitive rate and the landowner gets an equity position in the project. The long term equity position is of amazing value but can also be negotiated as a onetime net present value buyout.
One other option for 20MWp solar farms includes the example where the property is owned by a person or investor group who fund the entire project internally. Solar Land Partners provides turnkey services from permitting to interconnection and continuing O&M.
The solar farm business plan outline details specific duties to be completed using this project overview. Work performed includes;
Working with your 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 utility company at a favorable rate consistent with the planned solar farm and expected financial forecasts for this project is also outlined in the solar farm financial documents.
Negotiations on prices with EPC to deliver a best-bid analysis and evaluation of the future stability and record of all vendors to assure that the financial returns projected are achieved by the solar farm investment.
Oversee the project execution through construction and interconnection.
Provide continuing operation and maintenance services.
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