Financial, Legal, Professional

PV power plants require proportionally more up-front capital investment to develop and build than their fossil fuel counterparts. Modelling the lifetime performance of a PV power plant is therefore a critical exercise in proving a project’s bankability and securing finance to cover that cost. However, inaccuracies and uncertainties in modelling techniques create risk in the structuring of project finance. Evan Riley of Black & Veatch explores methods for improving the reliability of performance models and how then can be used to demonstrate that a PV facility will meet expectations.

Solar companies are always looking for new markets in an effort to remain competitive. Monica Wilson offers some advice on how developers and contractors should navigate the legal labyrinth that will face them as they go global.

Investors are popularly characterised as risk averse and fickle when it comes to new technologies. David Giordano, of the world’s largest asset management firm, BlackRock, tells John Parnell what has persuaded the investment community that solar is a safe bet.