In Part I, we discussed proven financing strategies for the drilling and construction phases of geothermal energy projects. The next stage of financing a geothermal project is the “permanent financing” phase, which is generally attempted once the project has achieved Commercial Operations (COD). At this stage, developers have drilled the reservoir wellfield, installed the geothermal brine gathering system, constructed the power plant unit(s) and tested and synced the turbine generators to the electric grid. In other words, the construction phase is complete and developers start the transition to the operational phase.
Sid Sinha, Senior Vice President at Marathon Capital LLC, has fifteen years of domestic and international experience in the energy industry across the midstream, power and upstream spectrum. At Marathon Capital, he focuses on the geothermal, E&P/midstream and power sectors and brings to bear his extensive transactional and industry experience in helping energy clients find the best solutions to their financing and strategic needs. Mr. Sinha received his BS in Chemical Engineering from the Indian Institute of Technology and his MBA in Finance from the Wharton School, University of Pennsylvania. He holds his Series 7, 63 and 79 licenses.