solar is the modern and sustainable power source worth backing

The projects within the fund will be carried by the fund until the late stage of development, then we expect to establish financing or development partnerships or sell the project to a permanent long-term solar owner/operator, as is customary in this market.

Government policy change could affect the production of new solar projects but the global and domestic outlook for solar utilities is very promising. The Biden Administration looks very favorably at the renewable energy industry, and this will continue for the coming years. Continually stricter renewable energy standards are expected to become law across the country.

We do not speculate on land. We identify the exact parcels we need for our solar projects in advance and work directly with landowners for all of our sites. Typically, our lean operation delivers great rates to landowners, while remaining highly competitive in the power price arena. We obtain a letter of intent from landowners, then purchase or lease options to provide the fund the most project flexibility. In our experience, buying "in front" of a hypothetical future energy market is a losing proposition. We develop based on project fundamentals.

This fund is basically a hybrid of project development, property management and a private-equity fund management firm. The current fee structure allows our team to do all of the development work on behalf of the fund, and operate on the ground daily to ensure the best possible results. This fund and solar development operation is the team's principal focus. We physically look at every property we buy or lease. We meet and work with landowners, attend town hall meetings, meet with labor unions, permitting authorities, surveyors, environmental consultants, engineers as well as all of our investment partners and many other relevant parties. We actively seek high yield lease opportunities continuously. We constantly build and nurture relationships with utilities and development partners to secure great rates in all development areas.

Barring some incredible revolution in fusion power or a similar technology this risk is nominal. In the event that a new technology does arise, any solar power being developed in the next five years would continue. Even more certainly, all projects already permitted or installed would continue uninterrupted. The energy contracting world is very long term, diverse, and is hesitant to jump onto new or untested technology. Banks would be very unlikely to finance a brand new technology at scale without assurances of safety and viability for years. Energy contracts are backed by the credit worthiness of large utilities. It is very unlikely that an operating solar farm would be abandoned even in utility bankruptcy. New technology is decades off in all likelihood and then would take decades more to fully implement into the grid.

We do not deal in debt. Our team prefers the clean simplicity of equity-only offerings wherever possible. This allows us to operate untethered to any institutions, creating a dynamic machine that delivers results straight from the source of our collective experience.