What are the “pre-aproval” and “full-approval” phases?

If a project reaches the pre-approval phase, it means that the underlying project assumptions have been checked and validated by our team. At that point, a PPA contract can be offered to the end-customer with an approved PPA rate. If this contract is signed by the energy customer, this contract will come into force only when the final project due diligence is carried out successfully and the project reaches the “full approval” phase.