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Development processHow do we proceed?
Every stage buys a specific decision, has a defined output and a named owner, and is funded before it starts. Nothing about a project is promised before the work that would support the promise has been done.
Project Fit Review
A structured qualification conversation, not a free engineering study. Valverde asks for the minimum non-confidential information needed to decide whether further diligence is justified, and returns a short written outcome.
You provide
Facility type and location · approximate electrical load · fuel source · existing emissions or carbon infrastructure · desired timing · the decision sponsor
You receive
One of three outcomes — promising for further evaluation; potentially viable after named prerequisites; outside current development criteria — with the major assumptions and the next data requirements
Standard
Initial human contact within two business days from a named Valverde owner. No cost. No confidential data requested.
Scoped feasibility
A defined and appropriately priced engagement that buys a decision-quality assessment of technical and commercial viability. It does not imply a performance guarantee.
Defined up front
Deliverables · customer inputs · schedule · exclusions · acceptance criteria · confidentiality · intellectual-property ownership · who pays for specialist work
Assessed
Integration scope · load and gas assumptions · outage plan · oxygen configuration · net output · carbon pathway · cost basis · downside cases · incentive framework
Output
A feasibility report the sponsor can take to an internal gate, with the responsibilities of each party for the next stage
Development agreement
Where feasibility supports it, a development agreement allocates responsibilities, milestones, funding and governance. A non-binding memorandum is not counted as a funded development win.
Allocated
Site control · engineering · equipment · oxygen · fuel · CO₂ transport and storage · permitting · power offtake · financing
Governed
Milestones, budgets and decision rights for FEED and the path to an investment decision
Output
A real project with a named owner for every interface, and a clear commercial model
Investment and execution gates
Detailed engineering, procurement and construction proceed only when the required evidence and binding commitments are in place. Each gate states what must be true before larger expenditure is authorised.
Evidence
FEED results · independent review where required · permits and interconnection · storage agreements
Commitments
Offtake and CO₂ agreements · equipment supply · construction contracts · financing
Output
A financeable investment decision and controlled execution risk
How Valverde participates
Valverde’s strategy is to be a developer and equity partner in new emission-free power and carbon-management projects. The model for a given site depends on the host’s objectives and capital position. Management will indicate the preferred model and where alternatives apply. verify
Customer-owned development
The host owns the project; Valverde develops it for a development fee and defined deliverables, and may retain a technology or operating role.
Joint venture
Host and Valverde (with partners) co-own the generation and carbon assets and share development cost, risk and returns.
Development-to-sale
Valverde develops the project to a financeable stage and sells it to an owner-operator or infrastructure investor.
Project company
A special-purpose company owns and operates the assets, supported by long-term power and CO₂ contracts with the host; Valverde holds equity.
What we do not say. Valverde does not advertise “no upfront capital” or guaranteed savings. Where a customer’s capital constraints matter, they are discussed candidly in feasibility, and a financing solution is described as available only when financing capacity, contracts and underwriting criteria genuinely support it.
How a project summary is presented
A credible commercial summary keeps the following apart, and Valverde’s feasibility work does so explicitly:
- Gross generation from net export or usable power
- Installed capital from development expenditure
- Equipment performance from whole-system economics — including oxygen production, CO₂ compression, storage and transport, outages, maintenance, replacement parts and financing assumptions
- Value streams shown separately: power sales or avoided purchases; contracted carbon-related proceeds; development fees; Valverde’s eventual equity or operating income
The same emissions benefit is never counted twice, incentives are not assumed to stack, and project capital expenditure is never described as Valverde revenue.
What a sponsor needs from us at each gate
- Operator
- Integration scope, outage plan, load and gas assumptions, responsibilities
- Finance committee
- Cost basis, counterparties, downside cases, development gates
- Power buyer
- Net capacity, schedule, availability, interconnection, contracting route
- Partner
- Interface scope, technical basis, procurement plan, liability allocation
Start at stage one
A Project Fit Review costs nothing but a few minutes and returns a written view within a defined time.