By Steve Voss, Director of Applied Engineering and Development, Sun Edison LLC; Dr. Tassos Golnas, Solar Technology Analyst, Sun Edison LLC; Steve Hester, Senior Electrical Engineer, Sun Edison LLC; Mark Culpepper, Sun Edison LLC
With the ever-growing challenge of remaining financially viable in today’s economic climate, some companies in the PV industry are adapting and applying the structures and principals of project finance to the photovoltaic assets. The purpose of project finance is to create a business structure which brings together multiple entities, aligns their interests, and allocates the project’s inputs and outputs (i.e. risks and rewards) in such a way that the overall benefits derived from the project are maximized.
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