Solar Energy

What is required to construct a solar project

You are what you think. All that you are arises from your thoughts. With your thoughts, you make your world.  Buddha

What I found as one of the most important elements when developing a solar project, is finding the right piece of land. As the saying goes, location, location, location; expect you will need about four (4) acres per megawatt. In this case, you are looking for land that you can lease or buy and has an excellent interconnection point. The best-case scenario is with a substation on the property with enough wattage availability. The next step is obtaining a PPA with the utility company. If possible contact a developer who has done a project with the same utility to have insight into the best process when applying for the PPA.
The next consideration is the equipment. Who is the best supplier, and what are the best prices? In general, most of the suppliers are qualified to manufacture your equipment needs; it is more a matter of putting good contracts in place to cover you so that you can perform to the PPA or contract you have with the end-user or energy supplier. A good agreement allows you to get the equipment in a timely fashion at a reasonable price based on market pricing at the delivery time.
Another essential aspect of each solar project is financing. In the last few years, this has become much easier than it was before 2011. When going out for funding, you need to consider the many types of financing and deciding what works best for you. Types of financing to consider are construction and term, conventional, senior first-lien debt, leveraged, asset-based, reserve-based, capital markets, and mergers and acquisitions


Once you have found all the above elements, then the next step is to get started building your project, and this requires a good construction team. Having an efficient and effective construction team can be the difference in completing a financially successful project or not. A project manager that understands how to make sure all the efforts of his team affects the bottom line is the ticket to success. Each element in the process of building a project requires attention and effort.


USD would like to be a part of your team to get your next project completed. With a group of people that have been in the industry from 2005 through 2020, we have the knowledge and experience to help you achieve your goals. Please contact Karlita or Robert, and we will be happy to advise you or assist you in getting any equipment or financing you require for your project.
Have questions? Either respond to this email or contact the sender on Robert W Benedict III

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