The Company classifies the projects in the following phases and indicates the probability that a project will be built, based on the Company's experience and public information:
Project with technical and financial feasibility, depending if there is possibility of a plot of land and/or access to the electricity grid is considered operationally viable.
Project currently in advanced technical and financial condition, given that the land has been obtained or is estimated to have a 50% or higher chance of being obtained, the necessary requests have been made to access the electrical grid and there is an estimate of a higher than 90% chance of obtaining it and the environmental permit has been requested.
Project that currently stands in a phase preceding construction, where land and access to the electrical grid are secured, there ir a more than 90% chance of obtaining the environmental permit and there is a framework contract with an energy buyer, or a stabilized pricing scheme.
Project that currently has an order with the builder to start land development. At this stage, the completion of the project is virtually risk-free.
Project in wich the responsibility fo the asset has been transferred from the entity that performs the EPC (engineering, procurement and construction) function to the Groups's operating team.