Evaluate project feasibility and perform in depth economic analysis for developers of two potential solar installations of 15MW and 30MW. Offtaker was the Local Ministry of Power which had issued a RFP to buy solar power for a 20 year PPA.
SOE performed this function in exchange for a 10% share of the project costs and with the understanding that SOE would be the project manager with TATA managing construction. The value of that potential equity was $1MM to $2.5MM depending on the number of projects funded.
Steel Equities is a major developer of large commercial properties in the New York Metro Area. NYSERDA is the New York Authority that provides incentives for renewable energy projects in New York. NYSERDA offered a complex incentive program that required detailed feasibility studies for the costs and power production for a Steel Equities Property called Paige Steel in Greenpoint, Brooklyn. The project required a complete feasibility analysis of the proposed NYSERDA incentive plan, evaluation of the cost for the equipment and construction, estimation of power production, and make recommendations for system size.
SOE performed this function with the understanding that SOE would perform construction and maintenance. The project was 800kW if solar and the price was $2.6MM.