Our business model is to identify strong in-country partners that can guide us through the political and cultural sensitivities. To suggest that a foreign company can properly navigate the inner workings of a foreign government without a strong in-country partner would be foolhardy.
We develop solar assets from the ground up and capitalize on our extensive network of government relationships. SEMCO has standardized its approach to development, including financial model/feasibility templates, memorandum of understandings (MOU), power purchase agreements (PPA) and investor memorandums. All designed to streamline the process and move quickly when opportunities become available.
Our focus is to secure the land on which the solar parks will be built and execute an MOU with the designated off-taker. Once complete, an investment memorandum is prepared to confirm financing. In most cases, preliminary approval can be secured prior to the MOU. We then proceed to secure the requisite energy licenses, fully permit these solar parks and enter into PPAs with the approved off-taker.
SEMCO is committed to social responsibility. Every project includes both a direct and indirect financial commitment to social responsibility programs. A portion of the revenue from each project is designated as Direct Social Responsibility Funding (DSRF), depending on the targeted returns.
In addition to DSRF, the social responsibility would expand to include access to a network of humanitarian aid providers.
Benefits from ISRF can be as much as 10 times the DSRF.
textbooks and technical certifications
medical supplies and access to clean drinking water
solar panels, energy efficient products, highly efficient cooking devices, agricultural seeds
There are many risks involved with developing solar projects. The development process can be broken down into the four phases below. As a project transitions through each phase the relevant risk of the project is lessened.
SEMCO has standardized the development process to mitigate these risks.