Risk Mitigation - An Essential Prerequisite for Inflation Reduction Act (IRA) Funding

Description and Background: A June 2022 Science Direct study examined 53 utility-scale wind, solar, and geothermal energy projects that were delayed or blocked between 2008 and 2021 in 28 U.S. states. Researchers found that 34% faced significant delays and difficulties securing permits, 49% were cancelled permanently, and 26% resumed after being stopped for several months or years. These statistics reflect the uncertainty of project success.

Systematic risk assessment can identify potential threats to the project along the entire development spectrum. Front-end risk assessment is a critical aspect of project development, it instills confidence by addressing the goals of investors to ensure that the financial realities of the project are clearly defined, and transaction milestones are met.

Without a risk analysis framework, vital considerations are often overlooked, leading to costly remediation and delays. This presentation will deliver an overview of potential risks and offer pragmatic solutions along the entire project spectrum.