Wind deals promise brisk business for years to come.
Michael T. Burr is Fortnightly’s editor in chief. Email him at burr@pur.com.
Senators were voting on legislation to extend the renewable production tax credit (PTC) as this issue of Fortnightly went to press. But with federal tax support for windpower in a perennial state of limbo, is the current rate of growth sustainable?
To find out, Fortnightly spoke with Andrew Redinger, managing director and head of the utility and alternative energy group at KeyBanc Capital Markets.
Fortnightly: What’s KeyBanc’s role in financing windpower?
Redinger: We want to be a first mover in among domestic U.S. banks, and help educate the rest of the domestic bank marketplace and bring them along. The European banks are great, but the domestic banks are missing a great opportunity.
We’re a tax equity player in three Babcock & Brown wind projects. We got involved with them a couple of years ago. It was our foray into the wind space, and the reason we formed a group.