Hear directly from ConservGeo leadership and how they are paving the way for a cleaner planet. Gain industry knowledge, learn best practices around company formation, and get a competitive advantage as you learn how to leverage technology to grow your business globally.
Subscribe to this blog
THE MAKINGS OF A GREAT GREEN DEAL
Alexandria Ocasio-Cortez has made the news advocating for climate change and positioning legislation around her “Green New Deal.” Several states have also offered up legislation and mandates for the utilization of renewable energy. But what will it really take to get these technologies and renewable resources successfully funded and implemented? Here, I talk about the makings of a Great Green Deal and best practices Project Developers should have when seeking financing.
As CFO of ConservGeo I see no shortage of green deals, but are they great? Are they worth the time and effort it takes to secure financing so that the projects can be implemented? Most projects that cross my desk are not financeable for many reasons. For the projects that do past muster and ultimately move towards financial close, there are noticeable commonalities among them.
They have the right Project Components...
When submitting a green project for funding consideration, it is important for Project Developers to ensure they submit the right project components for review. Incomplete files and expired or outdated information shows poorly and it becomes easy to question whether or not the project is viable or owned by the submitter. Project components should be clearly labeled and the contents therein should be relevant to the file type. Below, I list the most common project components that should be submitted for review.
Project Brief or Executive Summary
LOI’s if applicable
They are ready to invest more...
Project Developers often invest hundreds of thousands if not millions of dollars to get their projects finance ready. But a Project Developer’s investments do not stop there. A Great Green Deal is often determined by the continued commitment of the Project Developer to work towards a successful financial close. Even if all of the components are there and the deal appears to forecast profitable returns, due diligence is still required before money can be dispersed. Due Diligence fees can vary in cost so it is important to have sufficient capital readily available to cover these costs.
Response time can be an overlooked sign of a Great Green Deal but it is critical not only to the financial close but also to the experience. For Project Developers, the goal should be to secure financing as quickly as possible so that construction can commence and revenue can be generated. So, it is important to prioritize responses, provide substantive feedback, and always meet any deadlines given. This ensures a great experience for all that are involved. So, response time is key. The only way to secure financing is to have every T crossed and I dotted. The longer it takes to get a response the further away the close date.
If you are a project developer and have a green project that needs financing, debt or equity or both, contact ConservGeo today by visiting www.conservgeo.com for more information.
Dear Fear, “I had to let you go.” Even though my heart and head often told me I could accomplish my dreams, I gave you the final say. Even in the smallest consideration you seemed to know me better than I knew myself. I trusted that you knew the outcome even though I had yet to test and develop my own grit. And even when I mustered up enough courage to pursue an idea, I chose to bring you along for the ride and doubt myself every step of the way. Despite getting to a certain point in life you still prevented me from seeing the tools I had already gained from my experiences. You convinced me that I would fail and prevented me from seeing that failure equaled growth and would teach me my most powerful life lessons. You convinced me that I could only take the first step as long as I had a complete map of where I was going. You ruled my life. I stood by waiting for permission to explore the deepest parts of me; to run after all of my ambitions; and to understand the world from a different …
Are You Evaluating A Technology Partner? As a founder, the most critical decisions I’ve made was determining which technology partners I would leverage to take a product or service to market and the impact that technology would have on revenue long term. Stay with me as I shed light on what I look for in technology partners today and how I determine their true value.
With an abundance of technology partners out there to choose from, deciding between technology A, B, or C can be somewhat complex. As a “rule of thumb,” cost is never my deciding factor. We’ve all heard the saying, “you get what you pay for” and that saying couldn’t be more accurate. Below I’ve listed my top three “must haves” in a technology partner today. Relevant Past Performance For those technology partners that service more than one vertical, this “must have” is especially important to me. I need to know that the technology has been successfully deployed and supported for my specific vertical. For this requirement, I …
We’ve all been there before. We remember the excitement we felt when we decided to go for it. We planned as much as we could, the paths we would take. Though we did not have all the answers, we continued forward. We prioritized, practiced discipline, and committed to do whatever it took to accomplish our goal. But what do we do when distractions become louder than our paths forward and accomplishing our goal seems an impossible feat? Do we stay in the race or does the noise become so loud it’s easier to just walk away? If you’re working towards a big goal and are having a hard time deciding what to do next, here are 3 ways to “starve your distractions and feed your focus.” RESTATE YOUR GOAL
What’s true about distractions is that they never go away. So, how do we stay focused if distractions are simply par for the course? One way I’ve managed to “starve” my “distractions and feed” my “focus” is to confidently restate my goal. That means, instead of questioning my path forward; I resta…