An interconnection-stage position is only worth what a buyer’s diligence team can verify. We build every Aurevia project backward from that review. Here is what a buyer should expect to find, and what we believe separates a transactable position from a land option with a queue number attached.
Site control that survives diligence
- Executed instruments. Options or leases signed by every owner of record, reviewed by counsel, with terms that run long enough to reach construction.
- Clean assignment. Agreements that permit assignment to a project company and its buyer, with the landowner’s protections carried forward in writing.
- Title worked, not assumed. Title commitments reviewed early, heirship and co-tenancy issues surfaced, and mineral and surface conflicts mapped.
- Enough land for the design. Buildable acreage confirmed after setbacks, floodplain, wetlands, and easements are carved out.
An interconnection position with its risks named
- A filed and advancing request. A position in the queue with study results in hand, not just an application number.
- Upgrade exposure quantified. Network upgrade and interconnection facility costs identified and carried in the economics, not left for the buyer to discover.
- A defined point of interconnection. The substation or line, voltage, and the path to it, including gen-tie routing and any land it needs.
Diligence completed, not deferred
- Environmental. Wetland, floodplain, species, and cultural resource screening, with field work where the risk warrants it.
- Permitting path. County, state, and local requirements mapped, including any zoning, road use, and fire code coordination for storage.
- Community groundwork. Neighbors and local officials engaged before the design is locked, with a named local contact and commitments documented.
- Tax and abatement strategy. Property tax treatment and any local agreements identified early, since they move project economics.
A data room organized for your team
Every instrument, study, map, and piece of correspondence, organized so an acquirer’s legal, engineering, and commercial teams can work in parallel. Each position is held in its own project company, so the transfer is of a clean entity rather than a tangle of assignments.
What we deliberately leave to the owner
Final engineering, equipment procurement, financing structure, and construction belong to the party that will own and operate the asset for decades. We carry the position to the point where that owner can underwrite the build, and we plan the front end around the procurement and compliance standards each buyer requires.
A position is transactable when a buyer’s team can verify every claim in it. That is the standard we develop to.
This note is general market commentary for developers, buyers, and capital partners. It is not investment, legal, or tax advice, and it is not an offer to sell or a solicitation of an offer to buy any security. Specific deliverables vary by project, market, and stage of the interconnection process.