Buyers Need an Owner’s Engineer in this Sellers’ Market

At Pure Power, we’ve been assisting buyers in minimizing risks during asset acquisitions by offering comprehensive Owner’s Representative and Independent Engineering services. Our expertise lies in conducting thorough technical due diligence and ensuring smooth operations, allowing you to concentrate on the financial and managerial aspects of owning and acquiring assets. ---  The solar industry is booming right now. With more capital flooding into the sector than ever before, it’s becoming a seller’s market—where projects are fetching top dollar. While paying a premium might be acceptable if the project has already been de-risked, entering a highly competitive bidding process without understanding the technical and operational risks could be disastrous. If you’re purchasing a project with known technical flaws, you have two options: 1. Request that the developer resolves these issues prior to transferring ownership. 2. Factor the cost of addressing these issues into your purchase price and handle them yourself (this approach is often preferable since it ensures the problems are fixed properly). Most new construction projects we review turn out to be sound overall, though they may require minor adjustments before our clients assume ownership. However, older assets (those five years or older) tend to carry greater risks. When these were built, many installers hadn’t yet mastered proper craftsmanship or adopted best practices. On average, systems installed in 2019 exhibit far superior quality compared to those from 2014 or earlier. Many of these older installations resemble ticking time bombs, with critical components nearing the end of their warranty periods. If you’re considering an older asset, our Owner’s Engineering services become indispensable. Occasionally, we encounter solar installations riddled with major technical problems that sellers try to pass off as high-quality systems. To be blunt, some unscrupulous individuals are cutting corners to capitalize on the current demand, hastily piecing together subpar installations. Such systems should never be purchased—even at steep discounts. In conclusion, Pure Power’s Owner’s Engineering services empower buyers of solar assets to fully grasp the inherent technical risks associated with a project. As buyers usually excel in financial matters, our technical expertise provides added assurance when building financial models for acquiring solar projects or portfolios. By leveraging our knowledge, you can confidently navigate the complexities of the solar industry while securing long-term value.

Socket Series

Auto Repair Socket, Metric Short Socket,1/4 Mirror Socket,1/2 Pneumatic Short Socket

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