Method and system for financing a renewable energy generating facility

• US 20020194145A1
• Filed: 05/28/2002
• Published: 12/19/2002
• Est. Priority Date: 05/28/2002
• Status: Abandoned Application

• Current Assignee: Native Energy, LLC
• Original Assignee: Native Energy, LLC
• Inventors: Boucher, Thomas Charles, Stoddard, Thomas Earl, Quinney, John Charles
• Application Number:
  US10/156,392
• Publication Number:
  US 20020194145A1
• Time in Patent Office: Days
• US Class Current: 705/500
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass
• CPC Class Codes: Y04S 50/10 Energy trading, including energy flowing from end-user application to grid

Abstract

A method for financing an energy generating facility which generates energy and energy attributes separately tradable therefrom includes determining a purchase price for at least a portion of the energy attributes to be generated in operation of the facility. An agreement is concluded between the developer and a first legal entity under which the first legal entity agrees to pay the developer the purchase price in exchange for the energy attributes. The energy attributes are transferred to the first legal entity in a manner that effectively severs the ownership rights in the energy attributes from the energy. An agreement between the first legal entity and a second legal entity is concluded, under which the second legal entity agrees to accept the energy attributes as a contribution from a purchaser/contributor who purchases the energy attributes. The energy attributes are sold to the purchaser/contributor and are contributed to the second legal entity.

Claims

1. A method for financing an energy generating facility of a type to be built by a developer, said facility being further of a type which generates energy having associated energy attributes, the energy attributes being tradable as a commodity separately from said energy, said method comprising:

determining a purchase price for at least a portion of said energy attributes to be generated in the operation of said facility;

concluding an agreement between said developer and a first legal entity, under which said first legal entity agrees to pay the developer said purchase price in exchange for ownership rights in said energy attributes;

transferring said ownership rights in said energy attributes to said first legal entity in a manner that effectively severs said ownership rights in said energy attributes from the energy generated;

concluding an agreement between said first legal entity and a second legal entity, under which said second legal entity agrees to accept said energy attributes as a contribution from a purchaser/contributor who purchases said energy attributes from said first legal entity;

selling said energy attributes to said purchaser/contributor to generate revenue; and

contributing said energy attributes to said second legal entity.

2. The method according to claim 1, wherein the facility is a wind farm.

3. The method according to claim 1, wherein said transferring and said selling are performed prior to construction of said facility.

4. The method of claim 1, further comprising:

employing the revenue generated from the sale of said energy attributes to the purchaser/contributor to finance at least a portion of construction and/or operating costs of said facility.

5. The method of claim 1, wherein said energy attributes are selected from the group consisting of:

(i) all of the energy attributes to be generated by the facility during its operational life;

(ii) all of the energy attributes to be generated by a specified portion of the facility'"'"'s generating capacity during its operational life;

(iii) all of the energy attributes to be generated by the facility during a specified period;

(iv) all of the energy attributes to be generated by a specified portion of the facility'"'"'s generating capacity during a specified period;

(v) one or more energy attributes to be generated by at least a portion of the facility'"'"'s generating capacity during at least a portion of the facility'"'"'s operational life; and

(vi) a specified quantity of energy attributes.

6. The method of claim 5, wherein said a specified quantity of energy attributes is specified in terms of one or both of:

(i) a specific quantity of energy generated; and

(ii) a specific quantity of emissions reductions resulting from operation of said facility.

7. The method of claim 5, wherein said one or more energy attributes to be generated includes carbon dioxide emissions reductions resulting from operation of said facility.

8. The method of claim 1, wherein the first legal entity is selected from a business and an individual.

9. The method of claim 8, wherein the first legal entity is a marketing company.

10. The method of claim 1, wherein the second legal entity is selected from a charitable organization and an environmental group.

11. The method of claim 1, further comprising at least one of:

(i) retiring at least a portion of said energy attributes;

(ii) use of said energy attributes by the second legal entity to acquire and retire rights to a specific quantity of reductions of a greenhouse gas, a pollutant, or both; and

(iii) use of the energy attributes by the second legal entity to further a charitable and/or environmental purpose.

13. The method according to claim 12, wherein the facility is a wind farm.

14. The method according to claim 12, wherein said selling is performed prior to construction of said facility.

15. The method of claim 12, further comprising:

employing the revenue generated from the sale of said energy attributes to the purchaser/contributor to finance at least a portion of construction and/or operating costs of said facility.

16. The method of claim 12, wherein said energy attributes are selected from the group consisting of:

(i) all of the energy attributes to be generated by the facility during its operational life;

(ii) all of the energy attributes to be generated by a specified portion of the facility'"'"'s generating capacity during its operational life;

(iii) all of the energy attributes to be generated by the facility during a specified period;

(iv) all of the energy attributes to be generated by a specified portion of the facility'"'"'s generating capacity during a specified period;

(v) one or more energy attributes to be generated by at least a portion of the facility'"'"'s generating capacity during at least a portion of the facility'"'"'s operational life; and

(vi) a specified quantity of energy attributes.

17. The method of claim 16, wherein said a specified quantity of energy attributes is specified in terms of one or both of:

(i) a specific quantity of energy generated; and

(ii) a specific quantity of emissions reductions resulting from operation of said facility.

18. The method of claim 16, wherein said one or more energy attributes to be generated includes carbon dioxide emissions reductions resulting from operation of said facility.

19. The method of claim 12, wherein said legal entity is selected from a charitable organization and an environmental group.

20. The method of claim 12, further comprising at least one of:

(i) retiring at least a portion of said energy attributes;

(ii) use of said energy attributes by the second legal entity to acquire and retire rights to a specific quantity of reductions in emissions of a greenhouse gas, a pollutant, or both; and

(iii) use of the energy attributes by the second legal entity to further a charitable and/or environmental purpose.

33. A renewable energy generating facility, the construction of which has been financed, at least in part, by the method of claim 1.

12. A method for financing an energy generating facility of a type to be built by a developer, said facility being further of a type which generates energy having associated energy attributes, the energy attributes being tradable as a commodity separately from said energy, said method comprising:

determining a purchase price for at least a portion of said energy attributes to be generated in the operation of said facility;

concluding an agreement between said developer and a legal entity, under which said legal entity agrees to accept said energy attributes as a contribution from a purchaser/contributor who purchases said energy attributes from said developer;

selling said energy attributes to said purchaser/contributor to generate revenue; and

contributing said energy attributes to said legal entity.

21. A method for financing an energy generating facility of a type to be built by a developer, said facility being further of a type which generates energy having associated energy attributes, the energy attributes being tradable as a commodity separately from said energy, said method comprising:

determining a purchase price for at least a portion of said energy attributes to be generated in the operation of said facility;

concluding an agreement between said developer and a legal entity, under which said legal entity agrees to pay the developer said purchase price in exchange for ownership rights in said energy attributes;

transferring said ownership rights in said energy attributes to said legal entity in a manner that effectively severs said ownership rights in said energy attributes from the energy generated;

selling said energy attributes to said purchaser/contributor to generate revenue; and

contributing said energy attributes to said legal entity.

22. The method according to claim 21, wherein the facility is a wind farm.

23. The method according to claim 21, wherein said transferring and said selling are performed prior to construction of said facility.

24. The method of claim 21, further comprising:

employing the revenue generated from the sale of said energy attributes to the purchaser/contributor to finance at least a portion of construction and/or operating costs of said facility.

25. The method of claim 21, wherein said energy attributes are selected from the group consisting of:

(i) all of the energy attributes to be generated by the facility during its operational life;

(ii) all of the energy attributes to be generated by a specified portion of the facility'"'"'s generating capacity during its operational life;

(iii) all of the energy attributes to be generated by the facility during a specified period;

(iv) all of the energy attributes to be generated by a specified portion of the facility'"'"'s generating capacity during a specified period;

(v) one or more energy attributes to be generated by at least a portion of the facility'"'"'s generating capacity during at least a portion of the facility'"'"'s operational life; and

(vi) a specified quantity of energy attributes.

26. The method of claim 25, wherein said a specified quantity of energy attributes is specified in terms of one or both of:

(i) a specific quantity of energy generated; and

(ii) a specific quantity of emissions reductions resulting from operation of said facility.

27. The method of claim 25, wherein said one or more energy attributes to be generated includes carbon dioxide emissions reductions resulting from operation of said facility.

28. The method of claim 21, wherein the legal entity is selected from a charitable organization and an environmental group.

29. The method of claim 21, further comprising at least one of:

(i) retiring at least a portion of said energy attributes;

(ii) use of said energy attributes by the legal entity to acquire and retire rights to a specific quantity of reductions in emissions of a greenhouse gas, a pollutant, or both; and

(iii) use of the energy attributes by the legal entity to further a charitable and/or environmental purpose.

30. A method for financing an energy generating facility of a type to be built by a developer, said facility being further of a type which generates energy having associated energy attributes, the energy attributes being tradable as a commodity separately from said energy, said method comprising:

calculating a purchase price for at least a portion of said energy attributes to be generated in the operation of said facility;

transferring said ownership rights in said energy attributes to a first legal entity in a manner that effectively severs said ownership rights in said energy attributes from the energy generated;

collecting said purchase price from said first legal entity in exchange for ownership rights in said energy attributes;

selling said energy attributes to a purchaser/contributor to generate revenue; and

transferring said energy attributes to a second legal entity from the purchaser/contributor.

31. A system for financing an energy generating facility of a type to be built by a developer, said facility being further of a type which generates energy having associated energy attributes, the energy attributes being tradable as a commodity separately from said energy, said system comprising a computer-based information handling system adapted for:

calculating a purchase price for at least a portion of said energy attributes to be generated in the operation of said facility;

transferring said ownership rights in said energy attributes to a first legal entity in a manner that effectively severs said ownership rights in said energy attributes from the energy generated;

collecting said purchase price from said first legal entity in exchange for ownership rights in said energy attributes;

selling said energy attributes to a purchaser/contributor to generate revenue; and

transferring said energy attributes to a second legal entity from the purchaser/contributor.

32. A computer readable medium having contents for causing a computer-based information handling system to perform steps for financing an energy generating facility of a type to be built by a developer, said facility being further of a type which generates energy having associated energy attributes, the energy attributes being tradable as a commodity separately from said energy, the steps comprising:

calculating a purchase price for at least a portion of said energy attributes to be generated in the operation of said facility;

transferring said ownership rights in said energy attributes to a first legal entity in a manner that effectively severs said ownership rights in said energy attributes from the energy generated;

collecting said purchase price from said first legal entity in exchange for ownership rights in said energy attributes;

selling said energy attributes to a purchaser/contributor to generate revenue; and

transferring said energy attributes to a second legal entity from the purchaser/contributor.