1985•Energy Technol. (Wash., D.C.); (United States)Requires access
Financing alternatives for cogeneration and small-power facilities
J.W. Pestle
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Abstract
There are a range of alternatives for financing cogeneration and small power production facilities, with a variety of factors determining the selection of a particular method. These factors include the nature of the project, sources and costs of funds to the user and developer, the length of time for which funds are needed, the financial and tax status of the parties and specifics of contractual arrangements. The author describes and compares seven major alternatives: financing by user, shared/guaranteed savings contract, true lease, finance lease/installment purchase contract, municipal finance lease, energy services contract, and industrial development bonds. He presents the basic structure, advantages and disadvantages, and a discussion of the application of each.