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Common grid connection-related risks and mitigations for power generation projects

Common grid connection-related risks and mitigations for power generation projects

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The risks involved in grid connection for a power generation project are considered critical because of the potential impact on the project financial model and development schedule. This exposure to technical and financial risks during different grid connection stages could potentially prevent investment in the project. The identification of grid connection-related risks is not straightforward due to the regional variations in connection processes, technical characteristics of the grid, and compliance criteria. However, based on the author's experience from his previous grid connection and infrastructure due diligence experiences, there are common risk developers and lenders typically face. These often affect the cost and/or timescale of building the grid connection assets themselves or can impact operational costs later in the project life, and can adversely impact the project's financial viability and development schedule. Issues in the grid connection process may even cause legal conflicts between network operators and project stakeholders. Therefore, this high-level study provides an overview of common risks associated with the distribution grid connections of power generation projects, considers how these can be mitigated and the types of technical support that project developers and lenders may find useful at different stages of the grid connection process in Great Britain.

http://iet.metastore.ingenta.com/content/reference/10.1049/etr.2016.0194
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