BVP Wind Bond Financial Information Mark Richardson BVP Wind Bond - - PDF document

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BVP Wind Bond Financial Information Mark Richardson BVP Wind Bond - - PDF document

Apr 11, 2023 299 likes •361 views

5/22/2013 BVP Wind Bond Financial Information Mark Richardson BVP Wind Bond Highlights 8 year loan note Funds secured on the project assets 10% coupon with ongoing capital repayments Biannual Repayments Investing in medium

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BVP Wind Bond

Financial Information Mark Richardson

BVP Wind Bond Highlights

  • 8 year loan note
  • Funds secured on the project assets
  • 10% coupon with ongoing capital repayments
  • Biannual Repayments
  • Investing in medium (250 kW) wind turbines in NI
  • Target fund raise of €2,000,000
  • Open to all investors incl. SSAP investors
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Illustrative Expected Repayments

Amount Invested € Biannual Repayment € Total Repayments € 25,000.00 2,306.75 36,908.00 50,000.00 4,613.50 73,816.00 75,000,00 6,920.25 110,724.00 100,000.00 9,227.00 147,632.00 125,000.00 11,533.75 184,540.00 150,000.00 13,840.50 221,448.00 175,000.00 16,147.25 258,356.00 200,000.00 18,454.00 295,264.00

  • Repayment due at month 6 will be deferred until month 24

Project Financials

  • Projections completed using “P90”
  • Bankable wind production figure
  • Generating income from day 1 of operation
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Project Revenues & Costs

  • Project Revenues per MWh
  • PPA agreement in place
  • Electricity
  • ‘Levy Exemption Certs’
  • ROCs
  • Project Costs
  • Admin, Insurance etc
  • O&M
  • Land Rent

Illustrative Project Cashflows

All figures in £ Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Receipts 65,148 199,994 219,943 225,442 231,078 236,855 242,776 248,846 Outgoings (21,394) (51,345) (58,043) (64,074) (67,499) (71,117) (74,947) (79,007) Loan Repayments (-) (106,592) (159,888) (106,592) (106,592) (106,592) (106,592) (106,592) Net Cashflow 43,754 42,057 2,012

54,776

56,987 59,146 61,237 63,247 Cumulative Cashflows 43,754 85,812 87,825

142,600 199,588

258,734 319,972 383,219

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Key Attractions

  • Unleveraged Projects
  • No Senior Debt Instrument
  • BVP Wind Bond ranks first for repayment
  • Strong Revenue Streams
  • Sale of electricity generated via PPA contract
  • UK Government backed ROCs
  • Asset backed project
  • Loan Note has recourse to the project assets
  • Experienced Investment Manager
  • BVP has raised & invested 6 BES/EII clean tech

Funds

For More Information:

Elliott Griffin or Mark Richardson elliott@bvp.ie mark@bvp.ie (01) 657 2900