Financing Renewable Energy Projects with Tax-Exempt and Taxable Bonds

Friday, May 28, 2010 @ 1:00 PM - 2:00 PM

This call is another in the CESA Clean Energy Finance Series and the focus is the use of state bond financing to support private renewable energy development. The presentation will discuss the use of tax-exempt, tax credit, and taxable bonds to finance renewable energy projects in the PPP context. Bonds are structurally superior to bank debt and represent a liquid, multi-billion-dollar market for renewable project finance that is open at a time when bank liquidity and tax equity are both in short supply. Bonds can be used in conjunction with both the ITC and Grant in Lieu, as well as ARRA funds, and state guarantees and equity fund contributions.

In this webinar, John M. May (Stern Brothers & Co.) will discuss specific case studies for the use of bond debt in the biofuels, biomass, wind, solar, cogen/CHP and geothermal and hydro segments. He will also discuss the use of state and federal monies to provide the basis for revolving loan or bond funds for renewable energy and energy efficiency projects.