Performance forecasts based on simulation models referenced to evidence from research & development 2 or pilot scale demonstration. Renewable resource forecasts driven by site-specific data capture. International evidence often used to support investment case. 1 Performance forecasts trial on proponent modelling. Financial Proposition Costs – Level Summary of Indicator System cost sufficiently reliable and competitive to drive uptake. Cost detail widely published and accepted 6 for multiple similar applications. Global and/or local price indices established and reported. Price and value proposition clear and attractive with open access to cost trends and projections based on 5 actual project data from wide range of applications. Key cost elements of projects in public domain. Commoditisation of major components occurring. Cost 4 drivers are understood with roadmaps in place to bring costs to being market competitive Costs data based on projections from single site or comparable site or comparable pathway. Key cost 3 drivers are understood enabling broader market to judge long-term prospects of technology. 2 Key trial based on projections with little actual data available to verify. 1 Cost data (if available) based on projections and forecasts with little or no prior data to substantiate. Financial Proposition Revenue – Level Summary of Indicator Revenue forecasting proven and accepted by finance industry with transparent benchmarking evident. 6 Examples of different forms of market participation strategies with debt finance willing to back merchant risk. Revenue projections on proven forecasts and accepted commercial data. Greater PPA or contract 5 optionality for large scale developers, with investors comfortable with underlying value of proposed asset. Revenue projections backed by commercial data. Price gaps understood and roadmaps in place to address. 4 Long term PPAs or contracts or offtake agreements required to secure debt. Revenue projections being tested in commercial context, highly discounted by investors with requirements 3 for long term PPAs or contracts or offtake agreements for large scale applications. 2 Revenue projections highly discounted by investors. 1 Revenue data on projections and forecasts with little or no prior data to substantiate. Industry Supply and Skills
2 Performance forecasts based on simulation models referenced to evidence from research & development or pilot scale demonstration. Renewable resource forecasts driven by site-specific data capture. International evidence often used to support investment case. 1 Performance forecasts on proponent modelling. Financial Proposition – Costs Level Summary of Indicator 6 System cost sufficiently reliable and competitive to drive uptake. Cost detail widely published and accepted for multiple similar applications. Global and/or local price indices established and reported. 5 Price and value proposition clear and attractive with open access to cost trends and projections based on actual project data from wide range of applications. 4 Key cost elements of projects in public domain. Commoditisation of major components occurring. Cost drivers are understood with roadmaps in place to bring costs to being market competitive 3 Costs data based on projections from single site or comparable site or comparable pathway. Key cost drivers are understood enabling broader market to judge long-term prospects of technology. 2 Key based on projections with little actual data available to verify. 1 Cost data (if available) based on projections and forecasts with little or no prior data to substantiate. Financial Proposition – Revenue Level Summary of Indicator 6 Revenue forecasting proven and accepted by finance industry with transparent benchmarking evident. Examples of different forms of market participation strategies with debt finance willing to back merchant risk. 5 Revenue projections on proven forecasts and accepted commercial data. Greater PPA or contract optionality for large scale developers, with investors comfortable with underlying value of proposed asset. 4 Revenue projections backed by commercial data. Price gaps understood and roadmaps in place to address. Long term PPAs or contracts or offtake agreements required to secure debt. 3 Revenue projections being tested in commercial context, highly discounted by investors with requirements for long term PPAs or contracts or offtake agreements for large scale applications. 2 Revenue projections highly discounted by investors. 1 Revenue data on projections and forecasts with little or no prior data to substantiate. Industry Supply and Skills trial trial
Commercial-Readiness-Index.docx