TheMagnet® Bizventures

Challenge

The Client is the owner of a large piece of land in Cyprus, which is an excellent location to establish a photovoltaic (PV) park due to its right direction and slope. The Magnet® Bizventures team was required to introduce Investors to either purchase or lease the Land or part of it, and to advise and facilitate the deal.

TheMagnet® Approach

1. Reached out to several Investment Groups that are interested in investing into photovoltaic parks, and setup respective onsite meetings to evaluate the land.
2. Worked closely with both Parties’ consultants to clarify certain issues and discuss potential solutions.
3. Several options were discussed depending on applicant’s decision regarding PV parks.
   • For a PV park of up to 3MV, EAC can connect the site to an existing 11-22 KV feeder.
   • For PV parks 3-20MV, independent dedicated feeders connected to a transmission substation are required. The capacity of a 22KV line is 10MV, therefore on one line EAC can connect PV parks of up to 10 MV.
   • For PV Park in excess of 20MV, EAC requires the applicant to build a transmission substation.

Outcome

Through conjoint efforts, TheMagnet® Bizventures team managed to introduce the right Investment Group candidate, and by following a streamlined process to structure a deal that benefits both the Seller and the Buyer.