You are right. This publication, along with the two accompanying pieces that have been uploaded to the library, is intended to serve as a resource for developers seeking to perform these conversions. It's a complicated process, but there are a lot of people like your colleague who want to make these conversions work.
Your point on the building-by-building assessment is very interesting. It is unlikely that financial aid (subsidies, tax breaks, preferential financing etc.) is granted without thorough due diligence. While governments implement these programs to provide assistance, they also typically implement a rigorous evaluation framework to ensure that financial aid is allocated to the projects that pencil out. Unless corruption is a factor, which is not something we have observed in the markets we are covering (the US, Canada and the UK).
You are right. This publication, along with the two accompanying pieces that have been uploaded to the library, is intended to serve as a resource for developers seeking to perform these conversions. It's a complicated process, but there are a lot of people like your colleague who want to make these conversions work.
Your point on the building-by-building assessment is very interesting. It is unlikely that financial aid (subsidies, tax breaks, preferential financing etc.) is granted without thorough due diligence. While governments implement these programs to provide assistance, they also typically implement a rigorous evaluation framework to ensure that financial aid is allocated to the projects that pencil out. Unless corruption is a factor, which is not something we have observed in the markets we are covering (the US, Canada and the UK).