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Solar Power for the World
book

Solar Power for the World

by Wolfgang Palz
October 2013
Beginner to intermediate content levelBeginner to intermediate
800 pages
22h 43m
English
CRC Press
Content preview from Solar Power for the World
Europe 1997–2004 587
I said: “Take the 5-year term of your feed-in tariff, and make it
a 20-year commitment, and then stand back because the flood of
capital will amaze you.” Hermann asked why is this, and I explained
that lenders have a thumb rule that they will make loans for a term
equal to no more that 75% of the term of the “assured revenues”
of a project. So, the 5-year FIT will attract 3-year loans. If we want
15-year loans, as we had just been saying in the conference that day,
then there must be assured revenue for 20-years.
Hermann Scheer went to the Bundestag the next day, introduced
an amendment to change the rule from 5-years to 20-years,
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Publisher Resources

ISBN: 9789814411875