What Does COD Mean In Solar?

SolRiver Investment Milestone at COD

COD, or “Commercial Operation Date”, is the day that the system becomes fully operational and can begin selling power under the terms of the PPA. Typically, SolRiver releases any unpaid funding amount (called the Purchase Price) when the project meets the COD milestone. There are a handful of conditions to meeting COD and we strive to make them as transparent as possible from the start.

Our COD Conditions include:

1 Final Completion Reached

The system is mechanically, electrically, and structurally compliant with the EPC agreement.

  • The system is commissioned according to the proposed system design.
  • All permits necessary to construct and operate the system have been obtained.
  • The system passes building inspection by the relevant jurisdiction

2 Final Interconnection Approved

The local utility approved the system to interconnect with the grid and has issued permission to operate.

3 PPA Satisfied

All conditions for selling power under the PPA have been satisfied.

4 Independent Engineering Review

A third-party independent engineer confirms that the as-built project specs are consistent with the proposed system specs.

Who We Are

SolRiver invests in solar projects across the US. We bring the full capital stack, with flexible options, and a streamlined process.

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Indicative Pricing

Our First-Pass Pricing Calculator provides real-time online access to our financial model. Enter a handful of inputs and you get an initial estimate of what we could pay for your project.

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Learn More About Funding Your Project With SolRiver

Pre-Development Capital

We provide flexible funding options for pre-NTP projects.

Construction Financing

For projects at NTP, we offer the capital needed to start construction.

How It Works

SolRiver Capital provides a guided diligence checklist to secure funding.

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If you need project financing, please let us know. Feel free to use this form to: tell us a bit about the project and the type of funding you’re seeking. 

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