Windustry invites you to view the New Federal Tax Exempt Bonding Bill for Community Energy Webinar.

Developing community wind is no simple task. Experts on this panel will dissect both legal and financial aspects of the development process to show how the many pieces can fit together. Topics covered in this session will include the legal aspects of your business structure, negotiating power purchase agreements, understanding and locating tools for financing, factors affecting financing and your proforma.

October 10-11, 2007, New York, NY. This workshop will focus on the latest financing trends, defining the market in debt terms and tax equity deals, new uses of swaps and other derivatives, and how developers are responding to the challenge of having to post availability and output guarantees to utilities buying electricity from their projects.

The Tutorial: Renewable Power Project Finance, San Diego, CA. The best available introduction to renewable power project finance, according to conference sponsor, Infocast. Attend and learn how to:

· Structure bankable deals specific to the renewable sector
· Optimize the economics of renewable projects

A look at wind development from the bank's perspective.

http://www.fredlaw.com/articles/banking/bank_0506_day_cls.html

http://analysis.nrel.gov/windfinance/login.asp

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A power purchase agreement (PPA) is a contract to buy the electricity generated by a power plant. These agreements are a critical part of planning a successful wind project because they secure a long-term stream of revenue for the project through the sale of the electricity generated by the project. Securing a good PPA is often one of the most challenging elements of wind project development.

This section covers the basics of a power purchase agreement and things to consider as you negotiate with a power purchaser. The main topics covered in this section are:

• Length of the Agreement
• Commissioning Process
• Sale and Purchase
• Curtailment
• Transmission Issues
• Milestones and Defaults
• Credit
• Insurance
• Environmental Attributes or Credits

PDF Version
In order to be financially competitive, most wind projects need to take advantage of federal and, where available, state tax incentives. It is critical to understand the role and mechanics of tax incentives while developing a commercial-scale community wind project because these incentives can represent one-half to two thirds of the total revenue stream over the first 10 years of operation due to the Federal Production Tax Credit (PTC) and Modified Accelerated Cost-Recovery System (MACRS) or other type of depreciation that can be applied to wind energy assets. You will need to consult a tax professional in the early stages of project planning to ensure that your financial projections are valid and accurately take into account the project’s tax burden and benefits.