zenergyfinance-blog

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Canadian Solar Subsidiary Recurrent Energy Announces Commercial Operation of 71 MW North Carolina Solar Project - … http://bit.ly/2z3fEEV

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How to Send a Project to SolRiver

Are you looking for an investor for your solar project? Not only do we have competitive financing, we make it easy to get the process started. Below are the ways you can get in touch with us. 

(1) Send our Investment Team an Email

(2) Fill out our Project Intake Form

(3) Download our Excel Inputs

If you’re interested in getting indicative pricing, we make that easy too. You can always ask us to price your project OR you can do it yourself with our online solar investment calculator. 

To learn more about funding a project with SolRiver, visit the link below. 

http://solrivercapital.com/solar-project-investment-process/

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Help on Solar RFP’s

At SolRiver, we’re committed to helping developers and installers at every stage of project development. If you’re responding to an RFP, we can partner with you to put together a financeable and competitive bid. 

We offer several tools to help in the process: 

1) Rate Finder  - Our calculator finds the PPA rate needed to hit a certain investment amount from us and get your desired Developer Fee 

2) Buyout Pricing - If your RFP calls for a buyout option, we can help put together the pricing schedules for it. 

3) Sample PPA - We have a form PPA, along with other agreements, that you can use in your bid. 

4) Financial Partner Response Text - Use our boilerplate response text if the RFP asks for you to describe your financing partner. 

Want to learn more about these tools? Follow the link below. 

http://solrivercapital.com/solar-rfp-response-partner/

You can take confidence that if your RFP bid wins, we can provide the full amount of takeout financing required to get the project COD. 

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Pre-NTP Development Capital

SolRiver Capital funds solar projects that are in the early stage or “Pre-NTP”. For later stage opportunities, we also offer construction financing. 

Developing solar projects, even in the early stages, can be expensive. Costs may include paying PPA deposits, RFP proposal fees, permit application fees, or any other requirement. 

To help cover those costs we offer Development Capital. 

By clicking the link below, you’ll learn about our (1) our Development Capital criteria, (2) examples of Pre-NTP expenses we finance, and (3) how SolRiver structures funding for solar developers and installers.

http://solrivercapital.com/solar-construction-financing-pre-ntp/

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Solar Construction Financing

SolRiver Capital invests funds construction for solar projects at NTP. We also provide pre-NTP financing options for earlier stage opportunities. 

Most solar developers utilize construction loans to finance EPC milestone payments. Often, Construction Lenders mandate that the project developer (or sponsor equity) contribute the first 15% of costs as a “proof of equity” before drawing on the construction loan.

SolRiver Capital offers Construction Equity to cover the initial construction costs not covered by a loan. That way, you the right amount of capital you need to deliver the project to COD.

If you’re interested in learning about our terms and conditions for construction finance, please click the link below: 

http://solrivercapital.com/solar-investors-for-construction/

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SolRiver Capital’s Developer Platform

SolRiver Capital created a new platform to help their partners close investments with them efficiently. It offers direct access to their pricing models and a carefully guided diligence process to keep deals on track. Additionally, the Platform includes valuable tools to help Developers win new projects, such as the Contract Library and Rate Finder tool. The Platform is free but requires requesting an invitation. For that, click the link below. 

http://solrivercapital.com/solar-developer-platform/

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Using Unbankable Panels

Developers eventually may find they have to use panels that aren’t bankable on their solar project. Can you still get project funding? In our experience at Zenergy, the answer is yes. 

Most projects have such low O&M budgets that they can’t afford to purchase new panels. Instead, Developers rely on the panel warranty. If you’re using unbankable panels, the warranty is meaningless in the eyes of the investor. Instead, you need some way to show the investor that you’re mitigating the risk of having to buy new panels in the future. The solution is simple, add a panel replacement reserve. 

It works just like an inverter replacement reserve. You fund the account from the project’s operating revenue and draw from it in the event that the warranty can’t be honored. How much should be in the account? Unfortunately, there’s no hard number here. It’s whatever amount the investor feels comfortable with. 

Of course, this impacts the investor in a couple of ways, which are. 

1. Lower Debt Coverage Ratio in project’s with debt financing 

2. Lower Residual Cash Flow

The combination of these factors lowers the Developer Fee. 

This is a summary of a section from a full article  “What If My Solar Panels Aren’t Bankable?” originally published on Zenergy. To learn more, click the link below:

http://zenergyfin.com/what-if-my-solar-panels-arent-bankable/

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Affordable Solar Roofing to Promote Household Adoption of Solar Power: Infiniti Research - Business Wire (press re… http://bit.ly/2jri5tC

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4 Ways The Climate Crisis Impacts Colorado

CleanTechnica: Originally published on The Climate Reality Project. How is Colorado affected by climate change? And what can be done? It’s official. Last http://www.environmentguru.com/pages/elements/element.aspx?utm_source=dlvr.it&utm_medium=tumblr&id=4477660

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What are Bankable Solar Panels?

There are a lot of misconceptions about what’s considered bankable, let’s go through some common ones below. 

1. Bankable means solar panels with the best technology. 

2. Bankable means solar panels that are well-built and durable. 

3. Bankable means the newest solar panels on the market. 

Bankable doesn’t mean any of these things. Bankable comes down to the O&M budget. Most projects don’t have enough money budgeted to cover the potential cost of buying new solar panels. Instead, developers rely on the warranty of the panel manufacturer to cover the potential replacement cost. Of course, any investor will only accept that point if they feel confident that the panel manufacturer will actually be around for the next 20 years to honor the warranty. 

That’s what bankable means. It has nothing do with the panels themselves. It’s just whether or not the panel manufacturer will still be around to honor the warranty. Unfortunately, there isn’t a universal checklist for determining bankability.  It’s up to the investor to decide whether or not the panels are bankable. 

This is a summary of a section from a full article  “What If My Solar Panels Aren’t Bankable?” originally published on Zenergy. To learn more, click the link below: 

http://zenergyfin.com/what-if-my-solar-panels-arent-bankable/