Maximizing Financial Market Exposure
Transcription
Maximizing Financial Market Exposure
Current Financing Trends in DG Maximizing Financial Exposure Chris Lamonia, CalcoGreen, LLC CalcoGreen, LLC Who is CalcoGreen? Our Mission is to create innovative products and services that encourage renewable energy and energy efficiency deployment and to use our experience to provide the tools to enable greater development of distributed renewable energy projects. CalcoGreen, LLC Management Team Chris Lamonia, President Robert Aldridge, Executive Vice President William Basa, Vice President of Acquisitions Strategic Advisors Paul W. Lamonia, Lamonia & Associates Strategic Planning Jason Carney, Palatine Capital Partners Finance strategic growth initiatives Todd Lamonia, Intellifed Corporation IT and technology Financing Trends in DG Wind: How have DG Wind Projects been Financed to Date? Every Structure Imaginable has been Tried including: Debt Equity Leases PPA Lack of focus to date Wind projects can be broken down into two parts which match financing options Short Term Bridge and Construction Long Term Take Out Financing Trends in DG Wind: Short Term Finc Phase 1: Preliminary Stages (can be costly depending on size and location) Wind project ready to break ground Initial wind project stages and planning process Process varies town to town state to state, varying risk Building permits approved Phase 2: Procurement and Construction Stages (is always costly) Interconnect application approval Project ready for Construction Funding Financing Trends in DG Wind: Short Term Wind project ready to break ground $ Project ready for Construction Funding Types of Construction financing options available Debt / loan / finance lease Long term Financing Progress Payments Progress payments made from long term take out financing, never 100% prior to completion Equity PPA: third party cash flows whole project, economics historically have have to be very aggressive under 1MW wind, wind speeds and production values, incentives, etc. Financing Trends in DG Wind: Long term Financing Credit Risk need to be assessed Incentives play big role in Economics of a DG wind 99% of behind the meter net metered projects are competing with cheap grid power Current incentive climate: State Incentives: grants, tax incentives Federal Incentives: tax focused Perfect Funding Options What type of financing takes most advantage of incentives to create the most favorable economic argument for positive returns in the quickest period of time. Tax Equity Low interest Off balance sheet Long terms Perfect funding option Financing Trends in DG Wind: Long term Financing, Current Options Available Debt, Loan, Finance Lease Tax Equity Low interest Off balance sheet Long terms Off balance sheet Long terms Perfect funding option Equity, Operating Lease & PPA Tax Equity Low interest Perfect funding option Financing Trends in DG Wind: Long term Financing: Most Prevalently used Option Operating Lease Make it easier on yourself Taking existing equipment leasing model is most prevalent today Take advantage of monetizing tax benefits, reduce monthly payments Behind the meter applications work well with this model Tax Equity Low interest Off balance sheet Long terms Perfect funding option Financing Trends in DG Wind Does the “Perfect Funding Option” Exist Perfect funding Option Good funding option What is our future after incentives? Tax Equity Low interest Off balance sheet Long terms Perfect funding option Maximizing Exposure Wind turbines have been around for a long time WTG’s , DG, CommWind is relatively new Cap markets like the concept, there is real interest How do we get beyond the “real interest” phase Scientific American, 1891 As an industry/association we need to continue to search for the “Perfect Funding Option”. HOW? Prove that there is a scalable funding opportunity Maximize exposure to the capital markets BILLION DOLLAR OPPRORTUNITY Perfect funding Option Maximizing Exposure The Renewable Energy Classified Exchange www.reclassified exchange.com Bring together financial markets and DG Community Wind Generate Exposure to your project Generate Exposure to DG and CommWind to Financial Markets FREE unlimited listings Maximizing Exposure Other Ways to Maximize exposure for your project Crowd funding Social media Chris Lamonia, President & Founder CalcoGreen, LLC 877.943.3943 ext.702 (o) 802.777.7513 (c) 877.943.3943 ext.4 (f) [email protected] www.calcogreen.com Rob Aldridge, EVP Business Development and Syndications CalcoGreen, LLC 503.980.1380 (o) 503.510.5206 (c) 877.943.3943 ext.4 (f) [email protected] www.calcogreen.com