In emerging markets, the upfront cost of a solar plant is anywhere between $500 – $800 per kilowatt of panels installed.
This includes the cost of skilled labour and equipment such as solar panels, inverters, cables, installation frames, etc.
How do you control and reduce risk?
We take the following measures to manage risks:
1. We collaborate with dependable local partners in our target markets who have a proven track record of setting up and running solar farms;
2. We thoroughly investigate the potential that our partners present. We assess both the customer and the agreements' viability;
3. We keep an eye on the project's progress to guarantee superior design and material procurement; and
4. We demand that our partners purchase insurance to protect all the assets from disasters, theft, fire, etc.
This is in addition to the solar panel and inverter warranties that already exist.