The Developer Growth Engine from US-based renewable solutions provider Empower Energies is a web-based platform featuring multiple tools.
The company says the platform features a project pricing tool designed to estimate pricing for power purchase agreements (PPAs) or Energy Service Agreements (ESAs). It also features a tool for sourcing development capital and construction financing, through which developers can potentially ‘fund up to 100% of their project costs’ according to Empower Energies.
‘Financing is one of the … developer’s greatest challenges, whether they need the development capital to take a project to NTP, the construction finance to get that project to COD or, ultimately, someone to buy the project,’ said Michael Wright, Empower Energies’ executive vice-president of strategic marketing. With the product, he said ‘developers get direct access to all of these forms of finance, as well as a quick understanding of the competitive terms of their project pricing.’
‘More than ever, commercial customers are viewing energy as a resource they can control, and for which they have choices. This has opened up many new opportunities for developers. We see the Developer Growth Engine as a key tool, enabling them to favourably compete in this changing energy landscape, said Len Jornlin, the firm’s CEO.