The possibility of land exists, access to the electricity grid is operationally feasible, and/or the possibility of selling to third parties also exists.
50%
Early Stage
There is land availability, access to the electricity grid is operationally feasible, and/or the possibility of selling to third parties also exists.
70%
Advanced Development
The land is guaranteed or we consider there is more than a 50% chance of obtaining it, the relevant requests to access the electricity grid have been placed and the probability of the request being approved is estimated to be more than 90%, and environmental permits have been requested.
90%
Backlog
The land and access to the electricity grid are guaranteed, the probability of the environmental permit being approved is more than 90%, and there is a PPA in place; or a framework contract with an off taker or bank ready to be signed; or a bankable price stabilization scheme.
100%
Under Construction
The EPC constructor has been given the order to start building
100%
IPP Operation
Project acceptance has been signed. Responsibility for the asset has been transferred from the constructor to the operations team.