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.
http://www.elpc.org/energy/windhandbook2004.pdf">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.
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