Financing for a 10MWh Photovoltaic Energy Storage Container Project for Railway Stations

Does project finance apply to energy storage projects?

The general principles of project finance that apply to the financing of solar and wind projects also apply to energy storage projects. Since the majority of solar projects currently under construction include a storage system, lenders in the project finance markets are willing to finance the construction and cashflows of an energy storage project.

What financing structures can be used for PV projects?

There are many types of financing structures that can be applied to PV projects, such as corporate financing, which typically has an on-balance-sheet struc-ture as aforementioned, project financing, crowd sourcing, or even personal credit lines.

What is a solar plus storage power purchase agreement (PPA)?

Recently, contracts have been awarded that include both renewable energy and energy storage such as the solar plus storage power purchase agreements (PPA)s executed in Hawaii and Arizona [4,5]. In these innovative contracts the cost of energy, including demand charges, are used as the basis of the PPA price.

Are utility-scale photovoltaic (PV) plants bankable?

In the first half of the chapter, an overview of financing and bankability of utility-scale photovoltaic (PV) plants is provided, with a slight touch on microgrid PV financing. The discussion revolves around risk management, which requires rigorous assessment of the financial viability.