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July 9, 2009
The American Recovery and Reinvestment Act of 2009, enacted in February, allows a project to elect as its incentive a grant from
Treasury in lieu of claiming the ITC or PTC. The United States Treasury issued guidance on the grant program and application
process. Specifically, Treasury issued Program Guidance, Terms and Conditions, and a Sample Application. Additional information
can be found at cash grant information page on the Treasury web site.
March 19, 2009
Matt Karcher, of Deacon Harbor Financial, acted as a peer reviewer for a joint report by Lawrence Berkeley National Laboratory
(LBNL) and the National Renewable Energy Laboratory (NREL) titled, "PTC, ITC, or Cash Grant? An Analysis of the Choice Facing
Renewable Power Projects in the United States." The purpose of this report is to both quantitatively and qualitatively analyze,
from the project developer/owner perspective, the choice between the PTC and the ITC (or equivalent cash grant) for a number of
different renewable power technologies. Technologies analyzed include wind, open- and closed-loop biomass, geothermal, and
landfill gas projects.
February 23, 2009
The American Recovery and Reinvestment Act of 2009 (the “Act”) has multiple incentives for renewable energy projects. Some are
extensions of previous benefits, while others will allow project owners to choose between the timing and even nature (i.e. cash
vs. tax credit) of an incentive. Deacon Harbor Financial is pleased to send its Project Finance Alert Titled, "The American Recovery
and Reinvestment Act: ITC vs. PTC for Wind Projects". This Alert will touch on a few of the major provisions as relates to renewable
energy projects, however the primary focus is to analyze the difference in value between the ITC and the PTC as pertains to wind
projects.
January 21, 2009
Matt Karcher, of Deacon Harbor Financial, acted as a peer reviewer for a report by Lawrence Berkeley National Laboratory titled,
"Financing Non-Residential Photovoltaic Projects: Options and Implications." Installations of grid-connected PV systems have
increased significantly in recent years, particularly those classified as "non-residential" systems. This report outlines the financing
structures that have been used to fund this growth and their relative impacts on the cost of solar energy.
October 17, 2008
The recent financial crisis is having a significant negative impact on the renewable energy sector, with an increased level of
uncertainty associated with Tax Investor profitability, a reduction in the amount of capital available for investment, and
consolidation of participants in the market. Deacon Harbor Financial is pleased to send its Project Finance Alert titled “The Financial
Crisis and Renewable Energy”. This Alert discusses the current impact of the financial crisis on renewable energy project
developers and investors, and what impact it is likely to have as the industry moves forward.
November 13, 2007
Matt Karcher, Principal at Deacon Harbor Financial, gave a presentation on Wind Project Financing Structures at the Texas
Renewable Energy Industries Association 2007 conference. Download presentation.
September 26, 2007
LBNL is pleased to announce the release of a new report titled "Wind Project Financing Structures: A Review & Comparative
Analysis." The report 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.
The American Recovery and Reinvestment Act of 2009, enacted in February, allows a project to elect as its incentive a grant from
Treasury in lieu of claiming the ITC or PTC. The United States Treasury issued guidance on the grant program and application
process. Specifically, Treasury issued Program Guidance, Terms and Conditions, and a Sample Application. Additional information
can be found at cash grant information page on the Treasury web site.
March 19, 2009
Matt Karcher, of Deacon Harbor Financial, acted as a peer reviewer for a joint report by Lawrence Berkeley National Laboratory
(LBNL) and the National Renewable Energy Laboratory (NREL) titled, "PTC, ITC, or Cash Grant? An Analysis of the Choice Facing
Renewable Power Projects in the United States." The purpose of this report is to both quantitatively and qualitatively analyze,
from the project developer/owner perspective, the choice between the PTC and the ITC (or equivalent cash grant) for a number of
different renewable power technologies. Technologies analyzed include wind, open- and closed-loop biomass, geothermal, and
landfill gas projects.
February 23, 2009
The American Recovery and Reinvestment Act of 2009 (the “Act”) has multiple incentives for renewable energy projects. Some are
extensions of previous benefits, while others will allow project owners to choose between the timing and even nature (i.e. cash
vs. tax credit) of an incentive. Deacon Harbor Financial is pleased to send its Project Finance Alert Titled, "The American Recovery
and Reinvestment Act: ITC vs. PTC for Wind Projects". This Alert will touch on a few of the major provisions as relates to renewable
energy projects, however the primary focus is to analyze the difference in value between the ITC and the PTC as pertains to wind
projects.
January 21, 2009
Matt Karcher, of Deacon Harbor Financial, acted as a peer reviewer for a report by Lawrence Berkeley National Laboratory titled,
"Financing Non-Residential Photovoltaic Projects: Options and Implications." Installations of grid-connected PV systems have
increased significantly in recent years, particularly those classified as "non-residential" systems. This report outlines the financing
structures that have been used to fund this growth and their relative impacts on the cost of solar energy.
October 17, 2008
The recent financial crisis is having a significant negative impact on the renewable energy sector, with an increased level of
uncertainty associated with Tax Investor profitability, a reduction in the amount of capital available for investment, and
consolidation of participants in the market. Deacon Harbor Financial is pleased to send its Project Finance Alert titled “The Financial
Crisis and Renewable Energy”. This Alert discusses the current impact of the financial crisis on renewable energy project
developers and investors, and what impact it is likely to have as the industry moves forward.
November 13, 2007
Matt Karcher, Principal at Deacon Harbor Financial, gave a presentation on Wind Project Financing Structures at the Texas
Renewable Energy Industries Association 2007 conference. Download presentation.
September 26, 2007
LBNL is pleased to announce the release of a new report titled "Wind Project Financing Structures: A Review & Comparative
Analysis." The report 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.