Financing non-utility power projects: A survey of current developments

Journal Article · · Cogeneration and Competitive Power Journal; (United States)

OSTI ID:7187137

Hoffman, S L ^[1]

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1. Nixon, Hargrave, Devans and Doyle, Washington, DC (United States)

Obtaining financing for power project development is one of the biggest obstacles a developer faces in getting a project off the ground. As the power generation industry evolves, finance markets also are evolving. Traditional source--senior and subordinated debt--are taking a different approach to project financing, and an increasing number of developers are turning to the public debt marketplace for financing. In general, the availability of senior debt is better now than at any time in the last few years. The reductions in the number of project finance banks reflects changes to the banking system not bad experience in lending transactions to the independent energy industry. To supplement bank debt, the public market may continue to emerge as an alternate or supplementary funding source. As equity is required, subordinated lenders will continue to play an important role, although the terms of subordination will be more restrictive.

• OSTI ID: 7187137
• Journal Information: Cogeneration and Competitive Power Journal; (United States), Journal Name: Cogeneration and Competitive Power Journal; (United States) Vol. 9:4; ISSN CCPJE8; ISSN 1066-8683
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320603* -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
ELECTRIC UTILITIES
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
FLEXIBILITY
LIABILITIES
LOAN GUARANTEES
MECHANICAL PROPERTIES
PUBLIC UTILITIES
QUALITY ASSURANCE
SIZE
TENSILE PROPERTIES
TIME DEPENDENCE