In the recent years there has been a big push toward attaining LEED certification of buildings. In this entry I will describe the connection between renewable energy and LEED points, and describe ways to finance a renewable energy project that does not impact the cost.
When a "Design and Build" company proposes a LEED design to a developer, it chooses the most cost effective components of the design such that the points add up to the desired LEED level. For instance, if a designer wants to achieve a Gold level of LEED certification, then it needs 39 to 51 points. Inserting renewable energy generation into a project is a very expensive way to achieve this Gold target. There are several other significantly less expensive design options to accomplish the same goal.
My whitepaper argues that such a simplistic way of evaluating a renewable energy project is seriously flawed. A more sophisticated look reveals that on a variety of financial measures, a LEED design with renewable energy can be a very attractive investment in the long run. A wind project in a Class 3 wind area can yield substantial positive cash flow.
The whitepaper also describes financing mechanisms like performance contracting or other similar methods to pay for wind projects with no upfront costs.
Article written by Dr. Pramod Jain
Email Pramod at pramod@frombeginningtowind.com
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