Glossary

Land with secured access to electrical power and a credible path to interconnection. It is the scarcest input behind the energy transition, the electrification of transport, and the data-center buildout: a site without power, or without a realistic route to it, cannot be built on regardless of its other qualities — and power cannot be added on a development timeline.

The legal right to use a parcel for a project, established through ownership, a lease, or an option. Interconnection authorities generally require evidence of site control before a project can advance, and lenders require it before funding development, which makes it one of the earliest capital needs a project has.

Outright ownership of land, as distinct from a leasehold interest in it. In a land purchase the buyer takes fee title to the parcel itself; the project owner retains its improvements and occupies the land under a lease.

The physical and contractual connection between a project and the electrical grid — the equipment tying the project to the network, and the agreements governing how much power may be delivered and when. It is the constraint that most often determines whether a site is viable at all.

The ordered list of projects awaiting study and approval to connect to a grid operator's system. Queue position affects a project's timing, the share of network upgrade costs it must bear, and in practice whether it can be financed.

The contracted sale of a project's output, typically under a power purchase agreement (PPA). Offtake converts production into a predictable revenue stream, which is what allows a project to carry debt.

A long-term lease of land to the owner of the project built on it, separating ownership of the land from ownership of the improvements. Ground leases are typically dated to cover the operating life of the asset, giving a project stable, financeable tenure without requiring it to own the land beneath.

The purchase of an existing lease position — the right to receive future rent under a lease — for a single up-front payment. It monetizes years of contracted payments at once. The project stays exactly where it is and continues to operate; only ownership of the rent stream changes hands.

A transaction in which an owner sells an asset and simultaneously leases it back from the buyer. Applied to land, it releases the capital tied up in a site while leaving the seller in continuous possession and operation under a long-term lease.