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Costs down for small project financing
1 October 1998
Developers of smaller wind energy projects will be able to reduce their costs of arranging finance under a standardised approach devised by Triodos Bank and The Wind Fund. The "tried and tested" approach is set out in a new guide to project finance and equity investment, "A Breath of Fresh Air." The guide is aimed at projects needing between £500,000 and £5 million (up to ten turbines). According to the guide, the three key ways of reducing costs are through the use of standardised legal documentation, clear guidelines for gathering and preparing technical data for due diligence, and improved understanding of Triodos' and The Wind Fund's procedures and requirements.
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