Introduction
An SPV is a separate legal company made for a specific project in the renewable energy sector. It helps in owning different assets, financing and operating a project.
Farsight® makes it easier for you to isolate risks and better finance your assets using Legal Entities (SPVs). It allows you to access different assets, assign them to a specific SPV, assign legal information, and designate a team to it.
Benefits of SPV
The SPVs module is designed to make it easy for you to create and manage a legal entity for a project. Here are the benefits of it:
Proper Structuring: It allows you to create a better structure for each project, including business details and asset details.
Easier Portfolio Handling: Each SPV is mapped to a separate portfolio, helping you keep the legal details secure from unwanted risks.
Well-Defined Ownership: The SPVs enable you to define ownership for each project so the organizational hierarchy is well-defined. Moreover, you can see the assets in an SPV that are also associated with tickets, work orders, or contracts.
Better Information Management: Since each SPV has its own legal details, our module helps you keep track of details for different SPVs without mixing them up at any point.
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