ASHEVILLE, N.C., Nov. 17, 2016 /PRNewswire/ -- It's no secret that finding premium Solar Farms in the US market is becoming more difficult. In fact, for those of us looking for Solar Farms in the US, have found it increasing more difficult to find quality Solar Farms to pursue development and long-term ownership. Although the market seems dry, the statistics speak volumes. There are more Solar Farms in the US being developed and constructed than ever before. So why is the Market Place so empty, and where are these Solar Farms being traded?
I'm going to share with you how the Greenfield developer with the largest pipeline of Solar Farms in development in the US trades their Solar Farms. This developer has two methods in which they trade the Solar Farms. The method in which present the most valued opportunity, is they seek financial partners to fund portions of their pipeline of Solar Farm development. In exchange for this financing (typically a backing of $20MM-$40MM), the financial partner receives proceeds from every Solar Farm sold, and, well here is the real value; this partner gets to cherry pick the Solar Farms in which they want to pursue ownership. The cherry picking (right of first offering at a discount to market rate) holds projected value of $70MM-$135MM. Seems like a no brainer for those entities able to write a check for such valued access. The second method, this developer has a collection of Letters of Intent ("LOI"). The Solar Farms that are not cherry picked have been spoken for well before they hit the market.