What is a letter of Intent (LOI)?

A letter of intent, or LOI, is a summary of the most important contractual terms that a solar developer is proposing to a landowner to eventually lease their land. LOIs are sometimes called term sheets, offer letters, or proposals. LOIs are not contracts and are usually not legally binding.

What should be included in a solar Loi?

An LOI should be clear on what sections are in fact legally binding. This section generally clarifies that the developer, not you, owns the solar equipment, all the energy it produces, and any tax credits, renewable energy certificates, and carbon credits.

What is a solar farm Loi?

Many LOIs include a diagram (a “site layout” or “site plan”) of where the developer expects to build the solar farm (the “project”) on your property. It may also indicate where, for example, a developer plans to build a fence around the facility, or to construct a small access road for maintenance vehicles to use.

Can SPD schedule the commissioning of a solar power project?

oint and pooling substation/plant premises.SPD is permitted to schedule the Commissioning of the Project in full or part as per the c issioning procedure elaborated in clause. Solar power developers would be required to plan commissioning/synchronization with grid at least ten days ahead of

How a grid connected solar PV power plant can monitor irradiance?

Reporting of Metered Data and Parameters 7.2.1 The grid connected solar PV power plants will install necessary equipment for regular monitoring of solar irradiance (including GHI, DHI and solar radiation in the module plane), ambient air temperature, wind speed and other weather parameters and simultaneously for monitoring of the electric power

What is a construction term for a solar farm?

The second term is called the construction term, during which the solar farm is built on your land. An LOI may not specify a construction term if the project to be built on your property is relatively small, such as a community solar project that can be built within weeks. In contrast, a very large project can take several months to build.