Ensure Transition of Project Documents to Operations Team
Frequently when a project has completed construction, so when a project has reached the commercial operations date and the project is energized, the development team transitions over to some kind of an operations group. At that time there needs to be a smooth and complete transition of all of the project documents to ensure compliance from the standpoint of transmission, leases, interconnection, permitting, environmental. Frequently, there’s mitigation requirements, there are bonding requirements, there are insurance requirements. There are numerous requirements that need to be passed on to the operations group so that they have a thorough understanding of all the ongoing obligations. Failure to comply with all of these requirements can cause a default of loan agreements and other investor agreements and can cause issues with landowners and other stakeholders.
Failure to comply with all of these requirements can cause a default of loan agreements.