Con Edison Development seeks utility-scale solar and wind projects in the United States to develop, own and operate.
Our company develops these projects on its own or acquires them from others in later stages of development. We are especially interested in evaluating projects that are in early- or mid-stage development that would benefit from the resources and expertise that we can contribute.
At any stage, we will conduct an overall feasibility review of the project opportunity as well as its fit with our portfolio. For a renewable project, relevant agreements with the governing jurisdiction, permitting status, utility interconnect access and cost, and environmental factors are typically reviewed.
The review also includes a financial assessment that considers cost to build, potential revenue, cash flow, rebates, tax incentives, depreciation and other data.
Renewable Energy Projects in Early-Stage Development
An evaluation of an early-stage project encompasses a project schedule review and a range of site control and engineering factors, such as land and air permits, land option agreements, and whether the land had a special prior use, such as a landfill or brownfield site.
Environmental factors such as the presence of wetlands, endangered species, and storm water discharge are an integral part of the feasibility review.
Mid-Stage Development Renewable Energy Projects
Key factors for mid-stage development projects include engineering, procurement and construction.
Specific features for a solar project include soil tests, number of solar panels, panel technology, inverter design and placement, performance levels, tilt angles, expected insolation, and cost. Similar considerations would be used for a wind power project and also include wind resource studies.
The project’s budget, interconnection and installation agreements, land lease or purchase costs, Renewable Energy Credit contract development and any power purchase agreement are also assessed.
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