Portfolio Financing: An Option to Promote Wind Farms in Eastern Europe?
Investors' reduced risk perception has generated a noticeable trend in the financing of wind farms through the bond market. Project developers welcome bond financing since it provides longer term and less expensive financing than conventional loans that mature in 12-14 years. Banks are also financing projects by bundling assets from several wind farms to provide collateral for bonds.By Rosa Tarragó, Commerzbank AG, Germany
