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Picture of Warren Ault
Posted
Here is a letter from the Comptroller of the Currency that oversees National Banks. The OCC has lending limits to prevent excessive loans to one entity. In this letter, it appears that the OCC defines multiple Wind Projects to be a Common Enterprise, subject to more restrictive lending limits, if the projects share the following characteristics:

1) Turbine Manufacturer
2) Power Purchaser
3) Geographic Area
4) Construction Contractor

We welcome comments on this issue.

http://windfarmersnetwork.org/Public/OCC%20Letter.pdf


Warren Ault, P.E.
Windustry
 
Posts: 46 | Location: Chicago | Registered: 13 May 2004Reply With QuoteEdit or Delete MessageReport This Post
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Wind Farmers Network    Wind Farmers Network Forum  Hop To Forum Categories  Wind Energy Project HOWTO  Hop To Forums  Ownership Structures and Project Financing    Wind Project Lending Limits for National Banks