Nordic Windpower’s experienced staff understands the challenges involved in developing community wind projects, and strives to meet the ever-changing needs of community, on-site generation, and small wind farm development. The Company has the in-house and retained expertise and established industry partnerships to ensure that critical tasks are completed as easily and expeditiously as possible.
Nordic’s services for developers include:
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Assessing site suitability, including wind resource analysis and property setbacks |
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Determination of permitting requirements |
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Financial modeling |
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Project finance “matchmaking” – introductions to potential sources of debt and equity investment |
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Assistance with negotiating Site Lease, Power Purchase and Interconnection Agreements |
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Project co-development |
Given the boom-or-bust cycles in the utility-scale wind turbine industry, smaller wind project developers are often squeezed out of the market.
During booms, turbine manufacturers are apt to deal exclusively in large volume orders, while only the largest, most credit-worthy developers attract capital during down cycles.
Yet, small developers face many of the same challenges as those of larger projects. Successful development of any size requires the following critical elements;
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Establishing site control |
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Performing feasible wind resource studies to garner financing |
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Meeting all local, state and federal permitting requirements |
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Negotiating Power Purchase Agreements with the host utility |
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Establishing an Interconnection Agreement with a transmission services provider |
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Securing a firm supply of utility-scale wind turbines |
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Hiring Engineering, Procurement, & Construction (EPC) contractors, as necessary |
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Attracting equity investors, given the requirement for large, passive tax appetites in many cases |
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Securing construction and/or term debt financing |
Nordic Windpower’s experienced team thrives on providing the small, utility-scale wind developer the expertise and support necessary to effectively balance each of these challenging tasks simultaneously. And since difficulties in one area can lead to the unraveling of an entire project, this expert support is crucial. While larger projects face the same challenges, they are in a much better position to gain the attention of equipment manufacturers, contractors, investors, and financers and be the first served.
