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Backleveraged
                                                               Source: LBL. Harper, J. P. Karcher, M. D., Bolinger, M. Wind Project Financing Structures: A Review & Comparative Analysis, Ernest Orlando Lawrence
                                                    −10.08%
                           $183
                                            6.7%
                                              years
                        1,600
                                   6.5%
                             $1,783
                                                          $0.053
                                                       11.91%
                                      7.12%
                                              15
                  Leveraged
                                                       30.58%
                                   9%
                                                          $0.05
                                              years
                                            6.7%
                                                    9%
                                      9.29%
                             $1,815
                        1,600
                           $215
                                              15
                  Cash
                  -As-You-Go
                                      7.02%
                                                    5.75%
                                            n/a
                        1,600
                           $183
                                                          $0.059
                             $1,783
                                   6.5%
                                                       11.52%
                  Flip
                                                          $0.053
                                                    0
                                                       10.44%
                        1,600
                                            n/a
                                      7.12%
                           $183
                             $1,783
                                   6.5%
                  Institutional
                                                                     Various  Projects  Wind  in  Used Structures Financing
                  Flip                      n/a                      of
                  Strategic  1,600  $183  $1,783  6.5%  7.02%  6.5%  37.44%  $0.061  Performance
                  Corporate  $1,600  $125  $1,725  n/a  n/a  n/a  6.64%  10%  $0.063  Financial
                                return           return          Berkeley National Laboratory, Berkeley, CA, 2007. LBNL-63434.  and
                                tax  IRR  Computed  tax   kWh        Assumptions
                             cost
                     assumptions  cost  installed  after  investor  Target  IRR,  assumptions  rate  after  IRR  IRR  per  LCOE
                     Cost  Hard  cost  Soft  Total  Tax  10-year  20-year  Debt  Interest  Maturity  Developer  10-year  20-year  20-year  13-12  TABLE
              296
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