With a cautious capital climate and impending demand to meet the 2020 requirements for environmentally safe, renewable energy supplies, utilities are hard-pressed to meet regulations. Although there are sufficient viable green energy power projects on the drawing board, most never get off the ground due to lack of sufficient capitalization. While traditional attempts to secure funds have failed to produce results, a combination of debt and equity International Project Financing (http://www.cficfunding.com/) is hitting the mark.
Many power developers come across financial roadblocks - and even scrap hopes that their plans will ever get off the ground. Others are finding amethod of capitalization that brings the
private and institutional funds needed.
"In today's market energy developers need a creative finance model matched with capital sources hungry with an appetite for green energy endeavors. They also need experienced advisors to
put the right information in front of the appropriate capital sources to fund their developments," say David Young and Wayne Clinton, co-founders of CFIC Funding, a business development
firm that specializes in securing financing for power, energy, infrastructure and mining enterprises. Young and Clinton's expertise in marketing and finance specializes in securing the
funds needed to bring these developments to the marketplace.
"When you compile the proper information and put it in front of the most compatible source of funds for your operation, you exponentially increase your chances of success," says Clinton.
For those developers looking for funds to bring their efforts full bore, Young and Clinton say their capital sources prefer projects that entail:
An undertaking with a funding requirement in excess of 5 million dollars or more, there is no maximum or cap.
Additionally, the enterprise should have a strong credit-worthy customer, a buyer, an off-take purchaser or beneficiary in the venture, preferably with an investment grade credit rating
of BBB- or higher with Standard and Poors or Moody's equivalent.
There should also be a contract with this customer, or be in the process of negotiating a contract, that includes language that assures sufficient revenue to provide the investor their
expected returns.
When those 3 items are present, financing can be structured for up to 100% of the project costs. With Young and Clinton, there are no application or commitment fees or up-front consulting
fees.
"In these economic times, many energy producers are turning to business development advisors like CFIC Funding (http://www.cficfunding.com/).
They see added value in partnering with a firm that not only specializes in this type of work, but also understands their market and has experience in it."
For more information contact David Young or Wayne Clinton, CFIC Funding at 310-371-9403. CFIC Funding is located at 21213-B Hawthorne Blvd. #5392, Torrance, CA 90503-5595. Visit: www.cficfunding.com