Strata Solar

Strata Solar

Battery storage with wind and solar

Problem

Strata Solar had a large portfolio (50+ assets) of solar and BESS assets in various stages of development, each described by a different model, none unified under the same modeling standards.  The finance team needed to sprint through a diligence process for a revolver that would free up cash for the development team to move into new markets and new technologies.  

Constraint

Too many disparate models.  Too short a timeline.  Strata also needed to get a view on its available cash to facilitate the project development cycle.  

Solution

Orbis used its portfolio aggregation method to gather up models into categories: development, in-construction, and operational assets.  Each rebuilt model was coded using Orbis styles in a light and flexible manner.  Each model was connected to a HoldCo model using simple and easy-to-use macros.  Outcome: Strata successfully closed its revolver.