ABSTRACT

This chapter presents the current features of the main technologies being project financed in the renewable energy market. The nature of the renewable energy markets participants, from small developer to short term funds and ultimately highly creditworthy pension funds and utilities will influence the demand for, and structure of, project finance for the relevant participants projects. Wind is the most prevalent renewable energy source and has been developed longer than any other as a specific industry. Wind power is now an established and mainstream project sector, so finance is relatively easy to obtain, on competitive terms, providing the project has no unusual flaws or risks. As global power consumption increases and governments grapple with the trilemma of security of supply, low cost power and low carbon power, renewable energy technologies will continue to be in demand and will continue to evolve and add to the global energy mix.