Utility-scale solar energy Projects
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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.