Proprietary analysis of U.S. renewable energy markets, transaction structures and project development, prepared by Odette Capital.
Develop, Sell or Hold, Part 1. In the United States the binding constraint on solar and storage has moved from the grid to Washington. In Europe it is the grid itself, and the shrinking revenue a crowded grid leaves behind. What changed over the last two years in the U.S. and Europe, and what it means for how projects are valued.
Develop, Sell or Hold, Part 2. Disclosed deal value is up and new buyers have arrived, but the market has narrowed. Buyers pay full prices for operating, contracted and flexible assets, and little for development optionality, while more of the supply comes from sellers who need the cash.
Develop, Sell or Hold, Part 3. Most capacity that enters a development pipeline never gets built. Why headline gigawatts overstate value, the six markers that separate a high-quality pipeline from a large one, and how far a pipeline shrinks when weighted by stage.
Develop, Sell or Hold, Part 4. How much leverage and overhead a solar and storage developer can carry as it shifts to owning operating assets, where parent-level debt breaks the model, and when keeping projects starts to destroy value.
Odette Capital’s zone-by-zone view of where utility-scale solar, battery storage and wind should be sited in ERCOT over the next two decades: load growth from Batch Zero data centers, the 765-kV build-out, the 2027 firming rule and federal credit deadlines, with an interactive siting map and scorecard across all eight weather zones.
Why 2-hour battery storage earns more in some U.S. power markets and 4-hour in others: the revenue stack, capacity accreditation, price shape, interconnection and offtake drivers behind optimal duration, with a market-by-market view and what it means for valuation and M&A.
How the PJM and NEPOOL compliance certificate markets work, where public price evidence exists, and how to screen a banking or forward-carry position, with an interactive carry model and a Black-76 price-cap replay on historical REC marks.
Can Yield-Max-style income overlays and autocallable structured notes be applied to battery storage? Two client questions answered, with interactive payoff, fund-structure and hedge-note simulators.
Development and construction timelines for a 100 MW battery storage project, from interconnection queue entry through commercial operation, with an illustrated construction sequence and integrated schedule.
A market entry and investment framework for utility-scale solar, wind and battery storage in California, covering interconnection, offtake, resource adequacy and the IRA-era incentive landscape.
