Capital,
carefully
considered.

You build a model. You run ten thousand sensitivities. You still need to decide. The project I worked on last spring had a coverage ratio that drifted south by 0.04× every time I tightened the PPA floor — which is to say, the spreadsheet was telling me what I already suspected: no amount of tax equity structuring would out-argue a bad resource year.

This is what I like about the work. The numbers eventually run out of answers, and you are left, as always, with a judgment.