Mindfirst has worked with several companies to develop business plans around solar projects and help source funding. Potential solar project developers should have the following elements covered before approaching potential investors:
Solar Project Development Phases
I. Site Assessment
Phase I development objectives typically include the following to yield a full understanding of the project site and interconnect requirements.
ð Site assessment
ð Technology selection
ð Utility interconnection requirements
ð Energy RFP & bid requirements
ð Preliminary financial model
II. Project Design
In Phase II development deliverables include the following
ð Energy Markets Report
ð Facility Gap Analysis
ð Regional Distribution Schema
ð Preliminary Bill of Materials
ð Preliminary T&D and Interconnect Plan
ð Preliminary EPC Plan
ð Evaluate alternate off-taker potential
ð Detailed financial model with sensitivity analysis for go/no-go decision
III. Full Life-cycle Project Cost, Financial Returns and Investment Analysis
Deliverables for Phase III are to create a complete project plan.
ð Finalize project scale
ð Final technology selection and engineering
ð Final Bill of Materials
ð Final procurement and construction plan
ð Final Operations and Maintenance Plan
ð Prepare construction financing proposal
ð Prepare Tax Equity Investor IM
ð Prepare cash equity IM (if necessary)
IV. Pre-Construction
To prepare for on-site construction, Phase IV deliverables include
ð Sub-contractor RFQs and selection recommendations
ð Contracts
ð Bills of Material
ð Purchase Orders
ð Logistics Plan
ð Construction Plan
ð Test Plan
ð Permitting and Interconnection Submissions
V. Construction
During construction, Phase V activities are aimed at meeting both the budget and timeline objectives with On-site Supervision and detailed Construction Support.
VI. Testing & Commissioning
Finally, Phase VI deployment activities include
ð On-site Supervision
ð Testing Support
ð Operations and Maintenance
ð Manual Development and Training
Robert Sinclair






