Abstract
Developing a wind farm is a heavily capital-intensive task. While the costs for onshore projects have fallen significantly over the years, securing the up-front finance required to proceed with a development - be it on- or offshore - is a major undertaking. This has been even more apparent since the credit crunch, and many banks previously active in the wind market have withdrawn to focus on their core areas instead. Those that remain are more cautious than ever when it comes to lending. There are various types of financing options available to prospective wind developers these days, but Project Finance – a mortgage-like finance structure for power projects – is a popular option for larger onshore developments, and most offshore wind farms (see box, page 30).
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.