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Developing Business Case for Renewable Energy at Airports

The Airport Cooperative Research Program (ACRP) recently released Report 151: Developing a Business Case for Renewable Energy at Airports (the Report). The Report is a companion to ACRP Report 141: Renewable Energy as an Airport Revenue Source.

The Report provides a comprehensive guide to developing a business case for renewable energy projects at airports, and can be applied in other spheres as well. It includes chapters describing a renewable energy business case, the basis of a business case, evaluation criteria and ranking methodology, integrating projects with planning and decision making and engaging internal and external stakeholders. It reviews a model business case, provides examples of business cases, in both airport and non-airport contexts, and concludes with information regarding funding methods for renewable energy projects. The Report also includes several useful appendices, including a sample request for proposals and a sample power purchase agreement.

The business case for developing renewable energy projects at airports goes well beyond simply meeting state or local energy policy goals or “being green” – tangible benefits can include price certainty, the ability to ensure operations even when connections to the local grid are temporarily severed, and the ability to smooth spikes in energy prices due to peak period pricing.

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About this Author

David Y. Bannard, Foley, Boston, Regulatory Compliance Lawyer
Partner

David Y. Bannard is a partner and business lawyer with Foley & Lardner LLP. He focuses his practice on representing airports in a wide variety of matters, including regulatory compliance, leasing, rate-setting and concessions agreements, and public finance matters. Mr. Bannard is an experienced bond lawyer, having served as bond counsel to airports and other issuers, and counsel to borrowers and underwriters, as well as in-house issuer’s counsel, in many transactions. He is a member of the firm’s Finance & Financial Institutions, Public Finance, Health Care...

617.342.4033
Jason W. Allen, Foley Lardner, Energy Industry Lawyer, Finance Attorney
Partner

Jason Allen is a partner and business lawyer with Foley & Lardner LLP, where he is a member and co-chair of the Energy Industry Team. He is a member of the Finance & Financial Institutions, Transactional & Securities, and Private Equity & Venture Capital Practices. Mr. Allen’s practice focuses in the areas of mergers and acquisitions, private equity, finance, and general corporate and commercial law, with a particular emphasis on transactions in the energy industry. 

414-297-5589