How To Finance Wind Generators
Learning how to finance wind generator can be easier than you think. There have been a flood of money pouring into the alternative energy sector, anywhere from private and public grants to venture capitalism. Also, government subsidies on energy produced by wind generators make them attractive investment to many investors. This is a very favorable market condition to finance wind generators. This article will guide you through ways you can finance wind generators.
- Prepare to put some of your money first. People are more likely to finance your wind generators if you have substantial amount of your own money in it, too. Investors obviously only want to put their money into something that works, and managed by passionate and professional people.
- Looking for a grant. Getting a grant is like getting free money. And yes, both the government and private companies offer a variety of grants. However, the qualification is lengthy, and the competition is fierce, so you might want to hire a professional grant writer to do the work for you.
- Looking for a corporate sponsor. Large corporations, like General Electric, are willing to back small to medium operations if they think your project is achievable. For instance, both Google and Duke Energy has financed and sponsored wind farms in recent years. Sometimes, companies just want to be associated with wind farming for good press. Therefore, the possibility of corporate sponsorship is endless.
- The bankers can be friends. If you are a well capitalized investor who wants to finance wind generators, your bank might support you as well. You can contact your bank or local credit unions for more information.