Abstract
This chapter discusses project financing, treating the reader as a project developer interested in creating a successful industrial-scale wood energy business such as a biorefinery.
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Recourse loans allow the lender to go after other assets or cash flow sources (e.g., personal or corporate guarantee) in order to satisfy the loan in the case that the project defaults. Non-recourse loans only allow the lender to use the cash flow from the project and/or liquidate the project assets to satisfy the loan.
Reference
Wilson Sonsini Goodrich & Rosati’s “Project Finance for Renewable Energy and Clean Technology Projects”
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© 2013 Springer Science+Business Media New York
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Stern, A. (2013). Financing for Project Development. In: Jacobson, M., Ciolkosz, D. (eds) Wood-Based Energy in the Northern Forests. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-9478-2_13
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DOI: https://doi.org/10.1007/978-1-4614-9478-2_13
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Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-9477-5
Online ISBN: 978-1-4614-9478-2
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