Vocabulary to Know
Avoid using acronyms w/ clients (Always make sure customer understands)
EPC: Engineering, Procurement, and Construction
OZ: Opportunity zone (Government chosen LMI ‘Low to Middle Income” Zones)
Environmental Attribute: Every megawatt hour of electricity produced through a renewable energy asset, is equivalent to removing one metric ton of carbon from the atmosphere. This is what creates an environmental attribute. That attribute can be monetized as an SREC or as a Carbon Credit.
IREC Standard: International Renewable Energy Credit Validation organization
Proforma: The financial cash flow of the project (The economic model of the project itself)
PPA’s: Power Purchase Agreement
MSA: Master Service Agreement