How to prepare a solar or battery project for sale or investment
Prepare a Ukrainian solar or battery project for sale or investment with an evidence checklist, clear funding needs and a practical order for fixing gaps.
Jurisdiction: Ukraine. Sources reviewed . Periodic review required. Next scheduled editorial review: . Material rule changes require earlier review.
A project is ready for an investor conversation when the owner can explain what is being offered, support the main facts and describe what remains unfinished. You do not need to hide every weakness. You need to make the position understandable.
For a solar plant or battery energy storage system, or BESS, preparation should reduce the buyer’s uncertainty about rights, cost, timing and income. A polished presentation helps only when the evidence behind it is consistent.
Say where the money will go
Start with the transaction. Are you selling an existing ownership interest, raising new capital for the company, looking for a development partner or seeking a loan?
These choices have different effects. A payment to a selling shareholder does not itself fund construction. New equity paid into the project company can fund its work, but the investor will want to understand the ownership and governance received in return.
State the requested amount, its purpose and the next milestone it should fund. If more than one structure is acceptable, explain each separately.
Build one consistent project record
Use the same capacity, dates and development stage in the presentation, financial model and document index. For solar, separate panel capacity in megawatt-peak direct current (MWp DC), inverter capacity in megawatts alternating current (MW AC), and the permitted export limit. For BESS, show power in MW and energy capacity in megawatt-hours (MWh), with charging and discharge limits separately.
Describe commissioning as actual or expected. Describe each income stream as operating, contracted, under negotiation or planned. An estimated date or unsigned contract should remain clearly visible as such.
Tillerstone’s Project Passport guide explains how to connect a concise summary to supporting records. A Passport is an information tool; it does not replace due diligence.
Fix the gaps in the right order
The priorities below are an editorial working method, not a legal readiness rating.
Table — scroll horizontally if needed
| Priority | Question to resolve | Useful evidence | Next action |
|---|---|---|---|
| First | Can the proposed seller complete the transaction? | Ownership records, authority, relevant agreements and restrictions | Have counsel confirm the sale route |
| First | Does the company hold the necessary site rights? | Registered rights, underlying agreements, term and permitted use | Identify missing rights or renewal needs |
| First | Is the connection description accurate? | Connection agreement, technical conditions, amendments and payment records | Separate completed work from outstanding work |
| Next | Does the budget cover completion? | Cost schedule, quotes, grid works and contingency | Reconcile costs with available funding |
| Next | Is income supported? | Sales contracts, metering, settlements and bank receipts | Explain differences and overdue amounts |
| Next | Are construction and operating requirements addressed? | Project-specific permissions and compliance matrix | Record the document, holder and remaining action |
| Then | Is the information easy to review? | Indexed files, consistent summary and open-issues list | Remove duplicates and outdated versions |
Land registration deserves its own check. Article 125 of the Land Code links the arising of ownership, permanent-use and lease rights to state registration. Have counsel assess any historical or special regime affecting the particular right. A signed agreement and a current registered right are different pieces of evidence.
For a Ukrainian limited liability company, check paid-up ownership interests, transfer restrictions and any applicable pre-emption rights—the rights of existing participants to buy before an outside buyer. The charter and corporate agreement matter alongside Articles 20 and 21 of the LLC Law.
Make the open-issues list useful
Give each issue four fields: what is missing, why it matters, who will resolve it and what evidence will show completion. Use an expected date only if someone is accountable for it.
For example: “The current connection agreement is available. The amendment extending the schedule has been requested but is not signed. The owner is responsible for obtaining it. The model currently assumes the later connection date.”
That is stronger than saying “grid secured” and expecting the buyer to discover the qualification later.
Some gaps should be fixed before outreach because they prevent a meaningful price discussion. Others can be disclosed and addressed during the transaction. Do not spend heavily on presentation materials while a central ownership or connection question remains unexplained.
Prepare disclosure in stages
An initial outline can use general location, technology, capacity, stage and the proposed transaction. Exact locations, personal information and detailed technical records should follow an approved private process.
A non-disclosure agreement, or NDA, helps define confidentiality obligations. It does not automatically authorise every document to be released. Confirm owner permission, recipient identity and access scope. Keep a record of the version each recipient receives.
This is particularly useful when several advisers are involved. Nominate one person to maintain the master information set and one channel for investor questions. When an answer changes a material assumption, update the summary and model together.
Your next step
Prepare a short outline and an honest list of the three largest unresolved issues. Submit your project to Tillerstone for an initial discussion. Keep confidential documents for the agreed private process.
Legal sources checked through Mitralex on 25 September 2026. This checklist supports preparation; it does not certify a project as sale-ready or legally compliant.