Finance:

Navigating the Winding Road of Geothermal Project Financing, Part II (Renewable Energy World.com)

Analysis by Sid Sinha, Marathon Capital Markets

Sid Sinha, 
Marathon Capital Markets

In Part I, we discussed proven financing strategies for the drilling and construction phases of geothermal energy projects. The next stage of financing a geothermal project is the “permanent financing” phase, which is generally attempted once the project has achieved Commercial Operations (COD).

Find Part I here.

At this stage, developers have drilled the reservoir wellfield, installed the geothermal brine gathering system, constructed the power plant unit(s) and tested and synced the turbine generators to the electric grid. In other words, the construction phase is complete and developers start the transition to the operational phase.

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