Before capital is released to build a site, the investors behind a solar platform want to see that customers are real. A letter of intent is how a customer says 'yes, if the terms are as described' without committing to a contract. Here is what it should contain.
Key facts
- An LOI is non-binding on price but states the intended scope, term and conditions.
- Lenders and DFIs use LOIs to confirm a pipeline before releasing construction capital.
- For the customer, an LOI reserves a place in the rollout and fixes the terms being offered.
- A good LOI is one page.
What it contains
- The site and the load (from the audit)
- The intended system: solar kWp, battery kWh, cold storage tonnes
- The intended term (5–10 years) and the indicative monthly fee or purchase price
- The conditions: satisfactory audit, contract terms, financing close
- A target installation window
- Signatures from both sides, non-binding except on confidentiality
Why it protects you
An LOI locks the offer you were shown — fee, scope, timeline — so it cannot drift while the provider raises money. It also puts you in the queue: Phase 1 sites are built in LOI order.
What it isn't
Not a contract, not a payment, not a guarantee. If the audit or financing changes the numbers, either side can walk away. The full service agreement follows once terms are final.
Want a place in the Phase 1 rollout?
Talk to Frontières BayFrequently asked
Do you require an LOI before an audit?
No — the audit comes first; the LOI comes after the proposal, if you want a place in the rollout.
Can our lawyer review it?
Please — it is one page and written to be reviewed in an hour.