Technical reviews of the documents investors were given: PPA, feasibility study, PVsyst report, single-line diagram and financial model. On one site, reading those documents against each other found:
- Installed inverter AC capacity well below the capacity the PPA committed the plant to deliver
- A P90 set unrealistically close to P50, because year-to-year weather variability had been set to zero
- Battery storage required by the PPA but missing from the CapEx model
- PPA technical schedules describing a different plant from the one designed
Each document looked sound on its own. Together, they did not describe a financeable asset.