Financial models Illustrate projects’ unleveraged and leveraged IRRs, expected production revenues, expenses, and taxes, and factor sensitivity analyses highlighting factors which could negatively impact an investment’s financial performance.
Emel Solar helps its partners assess project pricing terms based on projected project performance, inherent market and project specific risks, and comparable transaction metrics.
Representative Project Unleveraged and Leveraged IRR Variability Analysis
| Total Project Cost Per Wp | ||||||
|---|---|---|---|---|---|---|
| $1.65 | $1.60 | $1.55 | $1.50 | $1.45 | ||
| 1,369 KWH/KWp | 10.3% | 10.8% | 11.3% | 11.8% | 12.4% | |
| 1,394 KWH/KWp | 10.6% | 11.1% | 11.6% | 12.1% | 12.7% | |
| 1,419 KWH/KWp | 10.9% | 11.4% | 11.9% | 12.5% | 13.0% | |
| 1,444 KWH/KWp | 11.2% | 11.7% | 12.2% | 12.8% | 13.3% | |
| 1,469 KWH/KWp | 11.5% | 12.0% | 12.5% | 13.1% | 13.7% | |
| Total Project Cost Per Wp | ||||||
|---|---|---|---|---|---|---|
| $1.65 | $1.60 | $1.55 | $1.50 | $1.45 | ||
| 1,369 KWH/KWp | 16.1% | 17.4% | 18.8% | 20.3% | 21.8% | |
| 1,394 KWH/KWp | 17.0% | 18.3% | 19.7% | 21.2% | 22.8% | |
| 1,419 KWH/KWp | 17.8% | 19.1% | 20.5% | 22.1% | 23.7% | |
| 1,444 KWH/KWp | 18.6% | 20.0% | 21.4% | 23.0% | 24.6% | |
| 1,469 KWH/KWp | 19.4% | 20.8% | 22.3% | 23.9% | 25.6% | |
| Project Costs | $ per Wp | Total Cost | % of Total Cost |
|---|---|---|---|
| Panels | 0.55 | 52,800,000 | 35.5% |
| Racking | 0.120 | 11,520,000 | 7.8% |
| Inverters | 0.080 | 7,680,000 | 5.2% |
| Engineering Permits and Fencing | 0.010 | 960,000 | 0.6% |
| BOS | 0.060 | 5,760,000 | 3.9% |
| Shipping | 0.010 | 960,000 | 0.6% |
| AC/DC Labour | 0.250 | 24,000,000 | 16.2% |
| Total EPC Costs | 1.080 | 103,680,000 | 69.8% |
| EPC Margin | 0.070 | 6,720,000 | 4.5% |
| Development Fees | 0.250 | 24,000,000 | 16.2% |
| Acquisition Advisor Fee | 0.020 | 1,920,000 | 1.3% |
| Construction Loan (interest and loan costs) | 0.060 | 5,760,000 | 3.9% |
| Interconnection Costs | 0.016 | 1,536,000 | 1.0% |
| Project Cost Contingency | 0.030 | 2,880,000 | 1.9% |
| Project Management and G&A | 0.010 | 960,000 | 0.6% |
| Closing Costs and Legal Fees | 0.002 | 144,000 | 0.1% |
| Miscellaneous Contingeny | 0.010 | 960,000 | 0.6% |
| Total Investor Project Costs | 1.548M | $148,560,000 | 100.0% |