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Opinion: Struggling To Get Your PV Project To Pencil? Put An Electrolyzer On It!

Ok, so lets say you have a solar project under development which looks like a dog for whatever reason. This happens to me a lot because I’m completely undeterred by concepts like “valuation” or “fundamental value” when acquiring an asset. Maybe the electricity market in the area got really soft…maybe when you were acquiring the project you applied perfect-flat-rectanglular-site-with-no-constraints-and-clean-geotech EPC cost assumptions to your hilly-Rorschach-test-shaped-site-crisscrossed-with-ACOE-jurisdiction-streams situation. Hey, we all do it. Gotta keep that money moving, know what I mean? So do you pull the plug? Cut your losses? Put your tail between your legs and write one off? MY WHITE ASS! Some people say “but Ollie - don’t throw good money after bad, both the EPC and PF teams are saying there’s no angle here. mew mew mew.” Oh yeah? Someone bring me that EPC estimate….I want to wipe my ass with it. They don’t tell me what pencils…I tell them.

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