Financing for the 10MWh Outdoor Solar Cabinet Project in Asmara

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4 FAQs about Financing for the 10MWh Outdoor Solar Cabinet Project in Asmara

What is the cost of a 1MW solar project?

With all costs taken into account, a 1MW solar project can cost between $820,000 and $1.36 million. The biggest challenge in raising funding is attributed to the large levels of early-stage risk. Returns on the solar project investment are 15.55% on average.

What are the average returns on a 1MW solar project investment?

With all costs taken into account, a 1MW solar project can cost between $820,000 and $1.36 million, but returns on the solar project investment are 15.55% on average. The biggest challenge in raising funding is attributed to the large levels of early-stage risk.

Are solar farms a good investment for developers?

For developers, solar farms are a great investment from a profit-generating standpoint for three main reasons. The most obvious benefit comes from the sale of the electricity that is produced through the solar project.

What are the revenues for a simple solar project financing?

In the case of simple solar project financing, the revenues are typically purely from selling the solar energy generated. The key difference between project finance and corporate financing is that the project is placed in a Special Purpose Vehicle (SPV), and loan repayments are made from, and liable to, cash flows generated by the project alone.