Renewable energy finance

Explore how renewable energy projects are funded, modeled, and evaluated, including P50, P90, debt structuring, and investor risk analysis.

What is Commercial Operation Date (COD): The one date that can make—or break—an energy project

Witty Commercial Operation Date (COD) featured image showing a smiling calendar at a renewable energy project site with construction, solar panels, wind turbines, and financial growth.

Commercial Operation Date (COD) is the moment an energy project stops being a construction story and starts becoming a business. But behind that innocent-looking date sit performance tests, grid approvals, PPAs, lenders, penalties, warranties, and millions of dollars. Here’s what COD really means—and why the entire project team obsesses over it.