EKF wind power financing- Case: Korea - Kromann Reumert
EKF wind power financing- Case: Korea - Kromann Reumert
EKF wind power financing- Case: Korea - Kromann Reumert
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Consensus Rules<br />
General Project<br />
Financing<br />
Renewables<br />
Financing<br />
Renewables<br />
Financing > 12 years<br />
Term, base case =< 14 years =< 15 years =< 18 years<br />
Term, if ECA >50% and High<br />
Income OECD country<br />
Not allowed =< 15 years =< 18 years<br />
Weighted Average Life, base case =< 7.25 years Not applicable =< 9 (11) years<br />
Weighted Average Life, if ECA >50%<br />
and High Income OECD country<br />
Not allowed Not applicable =< 9 (11) years<br />
Payment period =< 6 months =< 6 months =< 12 months<br />
Grace period (until first repayment) Up to 24 months Equal Prin. Pmt. Up to 12 months<br />
First repayments > 2% Equal Prin. Pmt. > 2%<br />
Maximum repayment =< 25% Equal Prin. Pmt. =< 25%<br />
Interest Period 1, 3, 6, 12 months 1, 3, 6 months 1, 3, 6, 12 months<br />
• High Income OECD countries includes 25 countries in Europe, North America and Austral-asia<br />
• In the case of project <strong>financing</strong> in High Income OECD countries, the total ECA cover on the project <strong>financing</strong> may not exceed 50% of the<br />
loan syndication with private financial institutions, and ECA cover must be on a pari passu basis<br />
• All the indicated Term-periods are measured from the time of completion/commissioning. The latter depends on the supplier’s contract<br />
obligations<br />
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