Beyond the Blue Chip: Financing of Emerging Wind Turbines

We recently talked to equity investors, debt investors, and wind farm developers the United States to determine the advantages and disadvantages of using non-blue chip wind turbines. We found mixed interest in financing projects with emerging turbines. This financing will be more costly and shift more risks to the project sponsor than financing for blue chip turbines. For emerging vendors, the first priority should be to establish the capability to deal with any issues that may arise over the long term. The second step should be to minimize risks to developers and financiers, perhaps by self-financing projects or subsidizing financing. Finally, we suggest there may be some wind farm developers more open to the idea of using emerging turbines.

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