Project Vetting and Investment Process
Initial Screening
The initial screening process for projects listed on the EFW platform involves evaluating their technical and financial feasibility. Key criteria include:
Technical Viability: Assessing the technology used, resource availability, and site conditions.
Financial Viability: Reviewing the project's financial model, including projected costs and revenues.
Alignment with Mission: Ensuring that the project aligns with EFW's mission to promote renewable energy and sustainable development.
Due Diligence
The due diligence process involves a comprehensive evaluation of the project to verify its credibility and potential for success. This includes:
Technical Assessments: Detailed analysis of the project's design, technology, and implementation plan.
Financial Audits: Thorough review of financial statements, funding requirements, and revenue projections.
Risk Analysis: Identifying and mitigating potential risks associated with the project, including technical, financial, and regulatory risks.
Community Approval
EFW leverages a decentralized governance model where community members holding EFWT tokens can vote on project proposals. This ensures that the projects listed on the platform have broad community support and align with collective goals. The approval process includes:
Proposal Submission: Project developers submit detailed proposals for community review.
Voting Process: EFWT token holders vote on whether to approve or reject the project.
Approval Criteria: Projects must meet a minimum threshold of votes to be approved for listing on the platform.
Funding Process
Once a project is approved, it is listed on the platform for funding. The funding process involves:
Milestone-Based Funding: Funds are released to the project in stages based on predefined milestones, ensuring accountability and progress tracking.
Investor Returns: Investors receive returns in the form of EFWT tokens based on the project's performance.
Project Feasibility Studies
Feasibility studies are conducted to assess the technical and economic viability of each project. Key factors include:
Resource Availability: Evaluating the availability of renewable resources such as solar irradiation or wind speed.
Site Conditions: Analyzing site-specific factors such as geography, climate, and infrastructure.
Environmental Impact: Assessing the potential environmental impact of the project and ensuring compliance with environmental regulations.
Feasibility studies are conducted to assess the technical and economic viability of each project. Key factors include:
Techno-Economic Modelling
The System Advisory Model (SAM) developed by the National Renewable Energy Laboratory (NREL) is used to perform techno-economic analysis. This involves:
Energy Production Forecasting: Estimating the energy output based on historical data and simulation models.
Financial Performance: Projecting costs, revenues, and return on investment (ROI) based on various scenarios.
Sensitivity Analysis: Analyzing the impact of different variables on the project's performance to identify potential risks and opportunities.
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