Report Uses Cases Studies to Explore Community Wind
Report by The Minnesota Project draws policy recommendations from three compelling Midwestern case studies
Business Models
Stimulus Incentives Benefit Community Wind
A new report from Lawrence Berkeley National Laboratory reveals how the 30% investment tax credit (ITC) and cash grant equivalent have increased benefits for the development of Community Wind projects. “Revealing the Hidden Value that the Federal Investment Tax Credit and Treasury Cash Grant Provide To Community Wind Projects” analyzes the impact of new federal policies for wind farm investment incentives introduced this year as part of the U.S. economic stimulus program.
Introduction to Landowner Wind Energy Associations
Have you been approached by a wind developer? Are you interested in leasing your land for wind development but want to make sure you are getting a fair deal?
"Community Supported Wind Power" from Mother Earth News
This June/July 2007 article in Mother Earth News covers the basics of community wind and talks about the challenges to community wind in the U.S.
Click here to read the article on the Mother Earth News website.
IRS Rev Proc 2007-65 (Establishing Safe Harbor for Wind Energy "Flip" Transactions)
IRS bulletin 2007-45 (skip to page 967) provides a summary of IRS Rev Proc 2007-65 which establishes a safe harbor for the allocation of tax credits for wind projects that use a flip business structure.
Wind Project Financing Structures: A Review & Comparative Analysis
This report from Lawrence Berkley National Laboratory was released in September, 2007. The report, titled "Wind Project Financing Structures: A Review & Comparative Analysis," was authored by John Harper (Birch Tree Capital, LLC), Matt Karcher (Deacon Harbor Financial, L.P.), and Mark Bolinger (Lawrence Berkeley National Laboratory), and was funded by the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy, Wind & Hydropower Technologies Program.
Chapter 12: The Minnesota Flip
The Minnesota Flip business model was developed in response to a unique combination of federal incentives for wind development and state policies that encouraged development of community-owned wind projects. The structure has proven a successful model for landowners and equity investors interested in partnering in the development of wind projects. This partnership allows the equity investor to take advantage of federal tax credits, while providing local owners the economic benefits of ownership.
Scale:
Topic:
Ownership:
Chapter 11: Choosing a Business Model
Scale:
Ownership:
Community Wind Financing Handbook
This guidebook was created by Charles Kubert for the Environmental Law and Policy Center in 2004. It talks about business models, sources of equity, grant and loan programs, incentives, and power purchase agreements for community wind projects. You'll find it online on the ELPC website.
Trimont Area Windfarm LLC, Trimont, MN: Community Wind Project
This 100 MW wind farm was organized by a group of local landowners, and sold to PPM Energy for development, although the LLC members have retained some equity in the project.
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