Glossary
PV project finance and yield terms
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P50, P90 and P99 in solar
P90 is the energy exceeded nine years out of ten. What question each percentile answers, where the gap between them comes from, and why subtracting a flat percentage doesn't hold up.
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DSCR-sculpted debt sizing
Sculpting sets each year's debt service to that year's conservative CFADS divided by the target DSCR, so DSCR holds at target in every year of the loan.
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DSCR in solar project finance
DSCR divides a year's cash flow available for debt service by that year's debt service. How it is calculated, why lenders test it on a conservative production case, and what to check besides the average.
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