Development

Turning energy opportunities into financeable projects.

Strong development work addresses site, resource, permitting, interconnection, commercial, and delivery risk before construction begins.

TransGlobe Power

Development

Origination and feasibility

Development begins by defining the opportunity and testing the conditions that could create or prevent value.

  • Site and resource screening
  • Preliminary technical concept
  • Market and interconnection review
  • High-level schedule, cost, and risk assessment

Site control and stakeholder alignment

Land agreements and stakeholder expectations should match the project’s study, permitting, financing, construction, access, and operating needs.

Permitting and interconnection

Environmental review, agency approvals, utility studies, grid upgrades, operating requirements, and schedule dependencies must be managed as connected workstreams.

Commercialization and readiness

Power sales, equipment strategy, financing, contracting, risk allocation, and construction readiness bring the project toward an executable investment decision.

What development actually decides

Development is where a project’s economics are set. Interconnection position, land control, permitting pathway and offtake structure are largely fixed before construction begins, and none of them can be meaningfully improved by execution later.

  • Site and resource fundamentals
  • Grid access and network upgrade exposure
  • Permitting pathway and its critical path
  • Commercial structure and counterparty risk
  • Constructability and delivery logistics

Origination and screening

Screening exists to kill weak sites cheaply. A structured screen applied early costs a fraction of a feasibility study and prevents development capital being spent proving what a map could have shown.

  • Resource quality against regional benchmarks
  • Transmission and distribution headroom near the site
  • Land assembly complexity and ownership fragmentation
  • Known environmental and cultural constraints
  • Jurisdictional permitting posture

Feasibility and technical definition

Feasibility converts assumptions into tested positions. The objective is not a favourable answer but an accurate one, documented well enough that the next investment decision can be made on it.

  • Resource assessment and production modelling
  • Geotechnical, hydrological and topographic survey
  • Preliminary layout, yield and loss analysis
  • Constructability review and logistics constraints
  • Interconnection study strategy and cost exposure

Permitting and stakeholder work

Permitting timelines are driven by the review triggered, not by the application submitted. Identifying the correct trigger early, and engaging the community and agencies before positions harden, is usually what separates a schedule that holds from one that slips.

  • Environmental review scoped to the actual federal, state or local trigger
  • Conditional use, zoning and setback approvals
  • Cultural, tribal and agency consultation where applicable
  • Landowner, neighbour and community engagement
  • Conditions of approval carried into design and construction

Commercialisation

A technically sound project still requires a revenue structure a counterparty will underwrite. Commercial work runs in parallel with technical development rather than after it, because offtake terms change what the project should be built to do.

  • Offtake structure and counterparty credit
  • Revenue stack definition, including ancillary and capacity where available
  • Incentive eligibility and its documentation requirements
  • Financing structure and diligence readiness

Handover into delivery

Development ends properly when its decisions, constraints and open risks transfer intact into design and construction. Undocumented assumptions are the most common source of avoidable change orders.

  • Documented basis of design and its assumptions
  • Permit conditions mapped to responsible parties
  • Interconnection obligations and milestone dates
  • Open risks with owners and mitigation plans
Design coordination

Further reading

Queue mechanics, incentive conditions and production uncertainty.

Insights

Clear answers

What to know about development .

What is energy-project development?

It is the work required to convert an opportunity into a defined project with site rights, technical assumptions, permits, interconnection, commercial arrangements, financing logic, and a delivery plan.

What is the biggest development risk?

There is rarely only one. Site, interconnection, permitting, equipment, offtake, financing, schedule, and stakeholder risks can interact, so the critical path must be reviewed project by project.

When is a project construction-ready?

Construction readiness generally requires mature design, site access, permits, interconnection clarity, commercial contracts, financing, procurement plans, risk ownership, schedule integration, and an approved execution plan.

What does TGP need to review a development opportunity?

Location, technology, approximate capacity, current development stage, site-control status, interconnection status, known constraints and the decision you are trying to reach.

Can TGP take over a stalled project?

Often. Stalled projects usually fail on one specific constraint — an interconnection result, a permitting trigger or a land position. The first step is identifying which, because that determines whether the project is recoverable.

Does TGP develop on its own account or for others?

TGP works on both structures. The appropriate arrangement depends on the stage of the opportunity and the objectives of the parties already involved.

How is development risk managed across stages?

By sequencing spend against the constraints most likely to end the project. Capital is committed to later-stage work only once the earlier constraints have been tested.

Development

Bring us the constraint.

The specific issue holding the project back, and the decision it is blocking.

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Share the constraint holding the project back. We will establish whether it is resolvable.

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