Community Owned

Community Wind Energy 2008

April 14-16, 2008
Empire State Plaza Convention Center
Albany, New York

Windustry hosted more than 450 people in Albany, NY for the premier national conference bringing economic development, agriculture and wind energy together to advance opportunities for locally-owned clean energy production. We shared experiences and information to harness the growing momentum for new models, new policies and new projects.


Community Wind Energy 2008: Downloadable Flyers

This page contains downloadable versions of promotional materials for Community Wind Energy 2008.

Please feel free to download and distribute these to any interested parties.

There are currently six flyers offered:

  • CWE08Brochure.pdf: the official conference brochure with agenda information and a registration form.
  • CWE2008 small.pdf: a low-resolution, full-page PDF version suitable for emailing or posting on the web.
  • CWE2008 print quality.pdf: a high-resolution, full-page PDF version suitable for printing
  • CW08 Promo Flyer4 Half Sheet.pdf: a high-resolution, half-page version suitable for printing
  • Exhibit and Sponsor Info 2008.pdf: information about becoming an exhibitor or sponsor of Community Wind Energy 2008.
  • CWE08Postcard: a postcard-sized "Save the Date" flyer, suitable for printing

Please direct any questions to Windustry at the contact information at the bottom of this page.

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.

The rapid expansion in the U.S. wind power industry over the past few years has required the mobilization of a tremendous amount of capital. In 2007 alone, for example, an estimated $6 billion will be invested in new wind projects in the U.S. To attract this kind of capital, the wind power sector has, in recent years, developed multiple financing structures to manage project risk and allocate Federal tax incentives to those entities that can use them most efficiently. These structures are the underlying focus of this report.

Specifically, the purpose of this report is three-fold: (1) to survey recent trends in the financing of utility-scale wind projects in the United States, (2) to describe in some detail the seven principal financing structures through which most utility-scale wind projects (excluding utility-owned projects) have been financed from 1999 to the present, and (3) to help understand the impact of these seven structures on the levelized cost of energy from wind power.

The seven structures -- which range from simple balance-sheet finance to several varieties of all-equity partnership "flip" structures to leveraged structures -- feature varying combinations of equity capital from project developers and third-party tax-oriented investors, and in some cases commercial debt. Their origins stem from variations in the financial capacity and business objectives of wind project developers, coupled with the investment risk tolerance and objectives of the tax-oriented investors and debt providers.

The full report (including an executive summary) can be downloaded from:

In addition, a high-level PowerPoint summary of the document is available at:

[Text of this item is adapted with minor changes from from a 09/2007 LBNL press release.]

Community Wind Energy 2006: Financing Community Wind - Equity Panel

This panel focused on challenges faced by almost every community wind project: financing, raising equity, and using the federal production tax credit (PTC). Panelists will address key questions such as: how community wind projects are taking advantage of the PTC, what kinds of deals are being made, what equity investors are looking for in a project, and whether institutional investors are interested in community wind projects. There will be two short presentations, followed by an advanced discussion and questions and answers with the speakers and panelists.

Moderator: Keith Martin, Partner, Chadbourne & Parke LLP



  • David Brija-Towery, Business Development Manager, John Deere Wind Energy
  • Ward C. Marshall, Babcock & Brown
  • John P. Harper, Principal, Birch Tree Capital, LLC
  • Tim MacDonald, Senior Vice President, Meridian Clean Fuels, LLC

Listen to audio of these presentations:

Part A

Part B

Part C 

Click here to download a summary of these presentations.

Community Wind Energy 2006: Financing Community Wind - Debt Panel

This session explores the debt side of community wind energy. Featured topics include: the debt market today – participants and terms; what makes a good wind project from a lender’s perspective; new opportunities in bonding; and how lenders view risk for wind energy projects.

Moderator: Ed Woolsey, Green Prairie Energy


Listen to audio from this session:

Part A

Part B

Read written summaries of the presentations by clicking here.

Farmer's Guide to Wind Energy

This publication was released by Farmer's Legal Action Group in August 2007. According to the FLAG website, "This book serves as a guide to the many legal issues faced by farmers and rural landowners who seek to develop wind energy projects.

The Farmers' Guide to Wind Energy: Legal Issues in Farming the Wind provides legal information for individuals developing wind projects, regardless of size. This includes farmer-owned large utility-scale wind farms as well as smaller on-farm or residential wind turbine projects. Legal issues covered in this guide include negotiating wind property agreements, siting a wind farm, liability risks associated with developing and operating wind turbines, project financing, choice of business structure, government incentives for wind development, and the tax consequences of these efforts."

Click here to go to the FLAG website.

Webinar: The New Federal Tax Exempt Bonding Bill for Community Energy

The New Federal Tax Exempt Bonding Bill for Community Energy webinar was recorded on June 1, 2007.

The proposed Rural Community Renewable Energy Bonds Act (S. 672), introduced by Sen. Ken Salazar (D-CO) and Sen. Gordon Smith (R-OR), would provide tax exempt private purpose bonds to fund locally owned community energy projects, e.g. those under 40 MW with at least 49% local ownership. If enacted, this bill would give local community energy project developers a better alternative to federal renewable energy production tax credit funding.

To view just the slides from the presentations, click on the links in the list of speakers, below.

Speakers include:

John Covert
Executive Director, Colorado Working Landscapes (Introduction)
Presentation: Introduction

Lisa Daniels
Executive Director, Windustry (Moderator)
Presentation: Financing Locally Owned Wind Projects

Steve Black
Energy Advisor to Senator Salazar

Gregory Johnson
Partner, Patton Boggs, LLP
Presentation: New Financing Opportunities for Renewable Energy

Lee White
Executive Vice-President, George K. Baum & Company
Presentation: Financing Renewable Energy Projects

Andy Olsen
Environmental Law and Policy Center
Presentation: Next Steps

For more information about the Rural Community Renewable Energy Bond Act contact:

Lee White
Renewable Energy Finance Coalition (
[email protected]

Webinar Sponsored by:
Renewable Energy Finance Coalition
Environmental Law and Policy Center

Community Wind Energy 2006: Business Models

Business Models: Farmer and Small Developer Panel
Community wind project developers discuss how they put together their projects and business models. Panelists in this session have been involved in community wind projects in Minnesota, Wisconsin, Oregon, and Germany and will offer a range of practical perspectives. Discussion topics include advantages and disadvantages of different business models, the role of public policy and regulation in shaping community wind projects, and the biggest challenges facing community wind projects today.

Moderator: Ed Ritger, Ritger Law Offices, Attorney & Counselors at Law


  • Dan Juhl, DanMar & Associates
  • Mark Willers, Minwind Energy, LLC
  • Ryan Wolf, Farmer/Small Wind Developer
  • Paul Woodin, Western Wind Power

Listen to audio of these presentations:

Part A

Part B 

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