A New Financing Handbook and More...
Ways to Get Community Wind Turbines Up and Turning
The Environmental Law & Policy Center, based in Chicago, has released two new tools to support renewable energy development and policy advocacy, especially in the Midwest and Great Plains regions.
The Community Wind Financing Handbook explains the options for structuring and financing community-based wind power projects and should be of particular interest to community leaders, wind developers, farmers, clean energy advocates and businesses.
The second tool is a Midwest/Great Plains Wind Power Project Map which shows the locations of all existing and planned wind power projects of 10 megawatts or more in the region as of May 2004.
- describes various models for community wind power ownership including municipal, school district, rural cooperative, investor group and individual;
- examines sources of equity and debt financing;
- identifies state incentives and federal grant and loan programs including 7 sources from the U.S. Department of Agriculture and two options from the Small Business Administration;
- reviews federal tax incentives for wind power;
- explores power purchase agreements and the value of green tags to community wind power projects and
- provides a resource guide that includes contact information for consultants, banks and financial firms with expertise in wind energy systems.