Base Assumptions
Project Name
Total Capex ($M)
$850M
Facility Capacity (MW)
120 MW
Debt-to-Equity (LTC %)
65.0%
Debt Interest Rate (%)
6.80%
PPA Rate ($/MWh)
$62/MWh
Community & Grid Stress Factors
Zoning & Approval Delay (Months)
9 mos
Grid Interconnect Queue Delay
12 mos
Noise/Water Mitigation Capex ($M)
$25M
Stressed DSCR
1.11x
Base Case: 1.42x
Covenant Warning
IDC Expansion
+$34.68M
Added Interest During Construction
High Interest Drag
Stressed Equity IRR
10.4%
Base Case: 14.8%
Target Compression
Lender Risk Rating
Moderate-High Risk
Delay & Covenant Breach Risk
Underwriting Watch
Capex & IDC Waterfall ($M)
Base vs Opposition Stressed
Debt Service Coverage Ratio (DSCR) Timeline
1.20x Min Covenant Threshold
DSCR Sensitivity Matrix: Interconnect Delay vs Zoning Delay
Highlighted Operating Point