Due Diligence For Bankable Solar PV Projects

Sharp reductions in the price of solar PV technology, dramatic technological advancement and (until recently) generous subsidies for solar PV generation have enabled developers to project reliable and attractive revenues over the lifetime of a solar PV project (up to 35 -40 years). As such, in recent years, solar PV has become an increasingly appealing proposition to funders and has gained acceptance as a "bankable" technology.

Nevertheless, irrespective of the financing structure or size of the project, there are risks associated with the development of solar PV projects on which a funder will require comfort during its due diligence process. Therefore, it is essential that the developer works closely with the funder and provides access to a comprehensive suite of documentation and information.