Renewable Energy Finance (eBook)

Renewable Energy Finance: Theory and Practice, Second Edition integrates the special characteristics of renewable energy with key elements of project finance. Through a mixture of fundamental analysis and real-life examples, readers learn how renewable energy project finance deals mix finance, public policy, legal, engineering and environmental issues. This book investigates the economics of large-scale green power production and incentive mechanisms and how they fit into the global energy industries. It also examines how distributed energy resources such as residential solar and batteries can be financed at the scale needed to play a significant role in the future energy mix. The authors examine how renewable energy projects get financed and built using modern non-recourse project finance structures. It also highlights recent innovations such as Green Bonds and Sustainability Linked Loans that have emerged in the context of ESG investments. The scope of the book is global, and it illustrates how renewable energy project finance has evolved in various places (such as the tax-equity structures used in the United States, due to the corporate tax incentives used there) to cope with local regulatory and policy environments. - Supports efforts to achieve environmental sustainability through renewable financing projects and cleaner production techniques - Provides some real-life case studies to help readers to understand how a project gets financed and built, including the critical interplays between the different financing elements based on how real deals are done - Offers project finance models on a companion website-for wind and solar projects, for example-based on real investment banking experience that can form the basis for student projects and independent study - New to this edition: two new chapters on Addressing Technology Risks for Successful Clean Energy Transition and Financing Green Hydrogen Projects bring the text up to date

Santosh Raikar is Managing Partner of Silverpeak Renewables Investment Partners, responsible for leading the firm's renewable energy sector platform. Santosh has more than 20 years of experience in energy and infrastructure project finance, including renewable energy, oil & gas, power, and midstream infrastructure assets. He was previously a Managing Director in the Renewable Energy Investments Group at State Street where he was responsible for leading a team in originating, structuring, and executing tax equity investments in the U.S. renewable energy sector. Santosh previously worked at Deutsche Bank and Lehman Brothers in Principal Investment areas. He holds two Master of Science degrees, one in Technology and Policy Program from the Massachusetts Institute of Technology and the other in Electrical Engineering from Arizona State University, as well as a BS in Electrical Engineering from the University of Mumbai. Santosh also teaches a graduate course titled 'Renewable Energy Investments” at Boston College.

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Renewable Energy Finance: Theory and Practice, Second Edition integrates the special characteristics of renewable energy with key elements of project finance. Through a mixture of fundamental analysis and real-life examples, readers learn how renewable energy project finance deals mix finance, public policy, legal, engineering and environmental issues. This book investigates the economics of large-scale green power production and incentive mechanisms and how they fit into the global energy industries. It also examines how distributed energy resources such as residential solar and batteries can be financed at the scale needed to play a significant role in the future energy mix. The authors examine how renewable energy projects get financed and built using modern non-recourse project finance structures. It also highlights recent innovations such as Green Bonds and Sustainability Linked Loans that have emerged in the context of ESG investments. The scope of the book is global, and it illustrates how renewable energy project finance has evolved in various places (such as the tax-equity structures used in the United States, due to the corporate tax incentives used there) to cope with local regulatory and policy environments. - Supports efforts to achieve environmental sustainability through renewable financing projects and cleaner production techniques- Provides some real-life case studies to help readers to understand how a project gets financed and built, including the critical interplays between the different financing elements based on how real deals are done- Offers project finance models on a companion website for wind and solar projects, for example based on real investment banking experience that can form the basis for student projects and independent study- New to this edition: two new chapters on Addressing Technology Risks for Successful Clean Energy Transition and Financing Green Hydrogen Projects bring the text up to date