From 2008 to 2009, total renewable energy capacity in the United States increased more than 9,000 megawatts to approximately 125,000 megawatts. Currently, development is catalyzed by federal mandates, state enacted Renewable Energy Portfolio Standards (RPS), and emerging technologies, which continue to alter the competitive landscape by lowering capital costs. In addition, future federal legislation may provide for a nationwide RPS and carbon markets, which would further spearhead development activities in this marketplace.
Wind, solar, bio-mass, and geothermal projects have all proven to be economically viable under the right market conditions and developers have increasingly shown the willingness to risk capital on tested technologies. Bostonia has enduring relationships and teaming agreements with several developers and ESCOs for utility scale renewable energy projects. The firm executes and raises capital for projects in varying phases of development and for a variety of structures that utilize a combination of debt, tax equity, project, and/or developer equity. Moreover, Bostonia possesses the know-how and experience to effectively leverage these transactions through strong power purchase agreements (PPAs), tax deductions, production and investment tax credits, and other subsidies and rebates including renewable energy certificates.