Unergy
  • ☀️Introduction
    • Abstract
    • Motivation
  • 🔃Protocol
    • Introduction
    • The uWatt: A stable currency collateralized in clean energy
      • uWatt reference value
    • Project origination
      • pWatt tokens
      • Project milestones
    • The Swap
      • Swapping pWatts into uWatts
      • External pWatt holders
      • Swap factor
      • pWatts ‘outside’ the Reserve
    • Energy tokenization and generation tracking
      • Tracking of energy monetization
      • Renewable Energy Certificates (RECs)
    • Management of funds in the Reserve
      • Collecting project income
      • Operation and maintenance expenses
      • Liquidity pool funding
      • Depreciation compensation
        • Asset value calculation
        • Asset depreciation compensation
        • Avoiding overcompensation
      • Distribution of rewards
  • 🗳️Governance
    • Overview
    • Choosing the cash flow discount rates
    • Protocol upgrades
    • Milestone validation
  • 💡Remarks
    • Types of projects
      • Self-consumption projects
      • Utility-scale solar energy Projects
    • Nature of the Unergy Protocol tokens
      • Nature of the uWatt token
      • Nature of the pWatt tokens
    • Incentives for funding Projects
  • 🚒Risks and mitigation
    • Origination risks
      • Delays in the construction or procurement phase
      • Failure to install the Project
    • Real-world funds management
    • Project qualification
      • Technical feasibility
      • Financial feasibility
    • Installer qualification
  • 📓Miscellaneous
    • Protocol implementation
    • Definitions and terminology
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  1. Remarks
  2. Types of projects

Utility-scale solar energy Projects

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Last updated 1 year ago

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Utility-scale Projects supply energy directly to the grid for selling the energy to a public utility company through the spot market or a bilateral contract. The Project term is defined by the total lifetime of the assets, which for a solar energy Project can last up to 30 years. The price at which the energy is sold can vary depending on the conditions agreed with the utility company with which a bilateral contract was signed, or the energy spot market conditions.

Utility-scale Projects tend to be bigger than Self-Consumption Projects, and so their installation times are also longer.

In some countries, such as Colombia and Brazil, if the Project’s structure is within a certain range of installed power, it benefits from a simplified connection process, which shortens the installation and setup time to about 7 to 8 months.

Utility-scale Projects have a lower payment risk because the energy off-taker is a regulated utility company with high payment warranties.

Mini Solar Farms

In Colombia and Brazil, there exists a specific type of Project which is often referred to as a mini solar farm, which are Utility-scale Projects up to 1 MWp in Colombia and 3 MWp in Brazil. Mini solar farms sell energy to the grid, are mounted on the ground, and are equipped with a solar tracking system which enhances the energy production of the plant. The design of this type of plant is standardized and has a clear cost structure, which results in a standardized financial model. For this reason, the Mini Solar Farms are used as the standard solar energy Project to be funded through Unergy, hence having a especially close to 1.0.

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