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Solar Project Development

Why do I need an SPV for my solar project?

An SPV isolates financial risk. If the project fails, creditors typically cannot claim assets from the parent company or investors, protecting your wider portfolio.

What is the typical lifespan of a solar project?

Solar projects usually operate for 25-30 years. Land leases and other agreements should be structured to cover this entire period plus decommissioning.

Can I sell a Ready-to-Build project?

Yes, selling RTB projects is common. The transaction involves transferring shares of the SPV that holds all permits and land rights to the new owner.

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Solar Project Development covers the entire lifecycle of solar energy projects — from concept to realization. This service covers not only solar farms but also commercial (rooftop) systems, hybrid projects, and solar energy integration into other industries (e.g., agrivoltaics). The development process requires multifaceted legal expertise: corporate law (SPV creation), contract law (EPC, O&M), financial law (fundraising), and administrative law (permits). A successful solar project is one that is legally secure and attractive to investors.

The energy law team at Legal.ge offers a complete legal package for solar project development. Services include:

  • Structuring the Project Company (SPV): Registering a Special Purpose Vehicle (SPV) and drafting a Shareholders' Agreement to regulate investor relations.
  • Synchronizing technical and legal documentation: Reflecting Feasibility Study results in legal documents and risk management plans.
  • Agrivoltaics legal framework: Obtaining permits for dual land use for combined agriculture and solar energy projects.
  • Insurance package management: Concluding insurance contracts for construction and operation risks.
  • Exit Strategy: Legally preparing for project sale or investor exit.

Solar project development services are relevant in the following situations:

  • Several partners pool capital to build a solar plant. A lawyer drafts a Shareholders' Agreement to prevent future conflicts over management and profit distribution.
  • A hotel owner wants to install a solar system for energy efficiency and needs a leasing agreement to purchase equipment.
  • A farmer plans to place solar panels in a vineyard (agrivoltaics) and needs consent from the Ministry of Environment and Agriculture.
  • A developer sells a "Ready-to-Build" project with licenses and permits. A lawyer prepares transaction documentation.

The field is regulated by the Law on Entrepreneurs, the Law on Energy and Water Supply, and relevant tax legislation. In the case of agrivoltaics, the Law on Soil Protection additionally applies.

Collaborating with a Legal.ge specialist ensures the institutional solidity of your project. Solar energy is a rapidly growing sector, and the correct legal structure is key to success in a competitive market.

Find solar project development experts on Legal.ge. Our platform allows you to connect with lawyers who possess both business vision and technical knowledge.

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