Strata 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.