1、ENVERUS.COM|1Sarp Ozkan|VP,Commercial ProductLarge Scale Solar USA|Dallas,TXENVERUS.COM|2Economics and Valuation MethodologyEnverus economics and valuations are based primarily on discounted cash flow(DCF)models and consequent calculations of net asset value(NAV).Enverus uses historical data and ass
2、umptions to inform inputs into these models.Enverus will use the aforementioned historical data and assumptions to make an assessment of possible future scenarios.Enverus typically runs a number of sensitivities around key variables to show the range of possible outcomes.Note to UK PersonsEnverus is
3、 not an authorized person as defined in the UKs Financial Services and Markets Act 2000(“FSMA”)and the content of this report has not been approved by such an authorized person.You will accordingly not be able to rely upon most of the rules made under FSMA for the protection of clients of financial
4、services businesses,and you will not have the benefit of the UKs Financial Services Compensation Scheme.This document is only directed at(a)persons who have professional experience in matters relating to investments(being investment professionals within the meaning of Article 19(5)of the Financial S
5、ervices and Markets Act 2000(Financial Promotion)Order 2005(the“FPO”),and(b)High net worth companies,trusts,etc of a type described in Article 49(2)of the FPO(all such persons being“relevant persons”).Enverus services are available only to relevant persons and will be engaged in only with relevant p
6、ersons.This report must not be acted or relied upon by persons who are not relevant persons.Persons of a type described in Article 49(2)of the FPO comprise(a)any body corporate which has,or which is a member of the same group as an undertaking which has,a called up share capital or net assets of not