What You Must Know When Seeking Project Financing

My short presentation given at the International Biomass Conference covering the foundations of project finance inclusive of the top 10 pitfalls & mistakes made by developers:

1.Underestimating the time it takes to get through financial close.

2.Too much optimism in financial model (trust-factor).

3.Lack of understanding that risk allocation and credit worthiness impacts rates.

4.Not understanding the credit committee review process.

5.Underestimating the required cost to close project financing.

6.Lacking a fully resources owner team.

7.Insufficient development capital.

8.Not listening to advisors.

9.The financial model return profile determines your budget and strategy.

10. Not placing enough emphasis on startup, commissioning & operations

Ben Hubbard

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