The Good: how can an IE maximise project value through knowledge of entire project life-cycle?

The Bad: What are the risks of investing in PV?

The Ugly: What can go wrong on projects?

6

Project Lifecycle

Development Construction Operation

Financial Investment Decision

Due Diligence Analysis

PlanningCommercial

Advisory

ProjectManagement /

Owners Engineering

AssetManagement

Feasibility Technical Advisory

ConstructionMonitoring

PerformanceOptimization

Take Over End of Life

1. Resource/Yield

2. Grid

3. Permitting/Land

4. Technology

5. Participants

6. Agreements

Risk Categories

natural energy insight

1. Resource/Yield

2. Grid

3. Permitting/Land

4. Technology

5. Proponents

6. Agreements

Risk Categories

natural energy insight

Risk Mitigants

natural energy insight

Contractual

Technological

Financial

11

ON SITE DATA MEASUREMENTS

ON SITE DATA MEASUREMENTS

Why important?

– Necessary to measure performance– Ability to claim LDs due to underperformance– Ability to capture upside– Ongoing management of plant

PERFORMANCE RATIO

�� % ����������������� �� � � 1 ��

� ��

������������������ �� �� �� � ������������ �� �

STATS

• >500MW• 100+ projects• 18 Contractors• 17 modules• 11 inverters

DATA

MONTHLY PERFORMANCE RATIO

ODE TO DR. HANS

• PRs vary widely depending on:– Design/Technology, – Sunshine, – Temperature, – Site, – Data Quality, – Availability, – Maintenance Regime

CONCLUSIONS

How to ensure PR is close to yield study:• Tight contractual guarantees (PR, availability, O&M

Contract)• High quality equipment/warranties• High quality design and installation• Suitable commissioning and testing procedures• Accurate monitoring

20

Thank You!