The other day I spent the morning with a bank. It was one of the most interesting meetings I’ve ever been in. I was talking to the Co-operative Renewable Energy Finance Team, about the highs and lows of funding renewables projects.
I now know all about credit scores, bond ratings, due diligence and debt service cover ratios. I’m quite proud of that. But more importantly, we talked about why renewables projects – and community renewables projects in particular – are a challenge for lenders. Here’s what I learned:
First, politics matters. What politicians say, or don’t say, about their commitment » Continue Reading.