← All glossary terms

Land, Permitting, and Environmental

Mitigation

Mitigation in environmental permitting generally means avoiding, minimizing, and compensating for impacts. For wetlands and streams, remaining unavoidable impacts may require credits, restoration, preservation, or other compensation.

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Transmission easement

Transmission easement gives rights to construct, operate, access, and maintain transmission lines and related facilities across land. The width, voltage, structure type, vegetation rules, and access rights can materially affect site usability.

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Development spread

Development spread is the difference between yield on cost and market cap rate. A positive spread suggests development value creation, but only if cost, schedule, leasing, and power assumptions are credible.

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VPPA

Virtual Power Purchase Agreement is a financial contract for differences tied to a generation project rather than physical delivery to the buyer's meter. It can support renewable procurement but does not by itself solve local capacity or interconnection constraints.

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