Financing Green Energy

A sister source company of Plans & Profiles, Inc., is able to offer 100% financing for these projects with loan programs at $100 million and above.

This debt structure requires the group sponsoring the project to provide the land free and clear is it can be subordinated to a first mortgage.

We have lenders highly interested in these “green” funding projects. They are offering 20-year loans tailored to fit the requirements of the specific facility.

The lenders are not requiring initial down payments or up front soft costs of any kind. The interest rate is in the 8% area and the loans are offered without pre-payment penalties.

The lenders ask that we do not approach them until they have had an opportunity to review our feasibility study, however, they will issue a conditional commitment letter in advance.

Once the lender has reviewed the study the process begins with a scheduled inspection by the lenders representative who will meet with the management team of the PPC and visit the local power company(s), who will be required to enter into a long term contract to purchase the power produced by the new plant.

The power company will allow the lender to look over their financial status so as to determine economic fitness. In addition, the inspector will also meet with the various companies who will be delivering the waste materials, as each of them is required to contract to a “tipping” fee” for each delivery to the new plant.

Once the lender has reviewed the Feasibility Study and approved the local electric company, funds will be made available (first draw) to the PPC. These will be to cover the costs of engaging the design team and beginning drafting detailed construction plans.

At this stage we begin writing the formal Business Plan. A second period of 3 months is expected for us to deliver the completed plan. The Business Plan includes letters of intent from local vendors and contractors based on their review of a set of preliminary site plans and specifications.

It is the aim of the Business Plan to engage as many local vendors and contractors as possible so as to retain the greatest amount of the construction revenues and materials within the local area.

To find out more or ask questions, please contact us