This session will discuss what the ingredients to make post-subsidy development work are. The countries we will focus on are Italy, UK, Spain and Portugal.
- What is the sweet spot for the post-subsidy site: cheap land, trouble free connection and irradiance?
- What should you prioritise?
- What are Lead Gen strategies to find these sites?
- How does that change across different countries?
COST OF CAPITAL:
- What is the cost of capital that you can access?
- What is HNWI approach to this space?
- Debt: can anyone raise debt against these projects? Is it construction finance?
- Barrier to entry: How many companies can actually make this work?
- Per country what are the deployment projection up to 2020?
- What is the best country to chase this? Italy, Spain, Portugal or UK?
- Project size: what are the minimum ticket sizes by country to reach efficiencies to lower cost?
- Component prices: are manufacturers entering in long term partnership with developers to stimulate this market?
- Timelines for development, construction: How many spreadsheets have turned green already? Built times: what is the rush? How do built times will change now that there aren’t any deadlines?
- Fixed costs: What are development costs and how much resource should you allocate to these projects?
- How does storage can help the business case and change the economics? How does it change the risk profile?
- What are the revenue stack that you can access in a post-subsidy sites
- How does the financing behind a project change if storage is included?
- What are the lengths of PPAs available in different countries?
- Why are utilities against longer PPAs?
- What are the rates and the structures? Fixed or Floating?
- How does your view on power prices affect the type of PPA you should go for?