Meet the Expert
Paul Danielsen
Managing Director, SolCarib BZ
- Extensive business development experience in both utility-scale and distributed solar.
- Responsible for over 40 MW of solar development in the U.S.
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Determining Feasibility Requirements for Solar/PV Project Development
Managing Director, SolCarib BZ
Risks & Opportunities
Risks
When a company or other entity considers converting to solar energy, it faces risks in these major areas:- Price
- Corporations have a fiduciary responsibility to maximize profits; any solar conversion has to make sense in terms of the company's energy costs.
- Policy
- Utilities and energy production is a highly regulated area; different levels of government (municipal, state and federal in the U.S.) are likely to have different structures; sustainability officers and other change agents need to be well aware of the regulatory context in which they're operating.
- Resource allocation
- For example, companies open themselves up to risk regarding a range of real estate development questions when they consider building solar facilities:
- Is the area in question isolated?
- What is its bankability?
- What is the life span of the area? In other words, is the building an old or a new building? Does it require retrofitting? Does it need to be torn down? Does the land hold long-term value? Are there options to move a system if the land needs change?
- Each of these questions entails risk that needs to be weighed carefully.
Opportunities
When a company or other entity considers converting to solar energy it enjoys opportunities in these major areas:- Potential for cost savings on energy long-term.
- Access to a more stable energy supply through having distributed sources or power.
- Ability to get ahead of any future mandates regarding sustainable energy policy.
- PR and marketing opportunities around its "green" posture.
- Serving investor interest in sustainability.
- The opportunity to make corporate citizenship a part of the company DNA.
- Helping our planet as we face the emerging difficulties related to climate change.
Determining Feasibility Requirements for Solar/PV Project Development:
Risks & Opportunities
Expert Topic