Wind power developers see benefit of hedging instruments

03/24/2013 | SNL Financial (free content)

The extension of the qualifying period of the wind-energy Production Tax Credit through the end of 2013 has spurred developers to speed up the construction of their projects, with some turning to hedging instruments as a financing alternative to time-consuming power purchase deals, said executives at a conference in Chicago last week. Although hedging instruments are not yet offered by many financing institutions, it is "nice to have them available" because it allows some projects that would have otherwise stalled to get off the ground, said John Eber, director of energy investment at J.P. Morgan & Co.

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