BIOMASS PROJECT DEVELOPMENT TUTORIAL April 7 & 8, 2009 * Atlanta GA thTuesday, April 7 , 2009 9 – 9: 10 Welcome & Introduction by the Chairman R. Thomas Amis, Partner, ALSTON & BIRD, LLP Session I: Overview of Biomass Economics, Business Models & Risk Factors 9:10 – 9:50 Presentation: Biomass-to-Power Business Models: Deal Structures, Economics & Overview of Project Financing Biomass to power is an up-and-coming renewable source for those parts of the country with plentiful forest and agribusiness. This presentation will explore a range of issues that can impact upon the viability of a biomass project’s financing, including: general costs and economics, debt vs. equity financing, capitalizing upon governmental incentives and creating a sound legal structure of contracts for your financing. The presentation will also introduce attendees on to how renewable projects work as businesses and produce cash. It will provide sample project pro-formas for biomass projects at the lower and upper end of the scale (~5mw and ~50mw), with the goal of illustrating the key revenues and costs of each type of project. It will also spell out the chief renewable project risk factors and how they can be mitigated. • Economic life cycle of a biomass project • Feedstock reliability and price sensitivity • Harvesting methods • Transport and storage costs • Drying, chipping costs • Sample cash flow models Evan Hughes, Ph. D., Consultant, BIOMASS ...