CDM/ CER

Prita Development and Biosphere Capital form a partnership with the purpose of offering consultancy services and application strategies for projects in the renewable energy field, emmisions reductions strategies and technologies to save energy, reduce costs and promote sustainable development.
Biosphere Capital is an international advisory and trading company in the areas of clean and renewable energy, specializing in Clean Development Mechanism (CDM) project development and emissions reduction technologies. We help companies and organizations apply emissions reductions strategies and technologies to save energy, reduce costs and promote sustainable development. We also provide a variety of traditional financial services.
Our global team consists of business and finance professionals, scientists and engineers. Our experience comprises: energy efficiency and renewable energy and low emissions technologies and strategy, CDM project development (PIN, PDD and other documentation including methodologies and programmatic CDM), carbon asset management (Emissions Reductions Purchase Agreements, CER/VER trades), renewable energy project finance and management, finance from startup to IPO, structured products, leasing, M&A, various kinds of analysis.
CDM/JI Project Development Biosphere Capital is a CDM project developer. We can help you from initial assessment, through project development (planning, finance, documentation, registration, validation, verification) to emissions credit issue and sales. We have experience with a large number of small scale methodologies, methodology development, and have recently initiated programmatic CDM projects in South East Asian countries.
Our CDM team operates out of Singapore, where we work with consultants from India, Germany, France, Portugal, and UK. Between them, our team members have completed dozens of CDM projects and have experience with a wide range of methodologies. Singaporean CDM development costs may qualify for up to 50% subsidies from the National Environment Agency. Biosphere Capital enjoys relationships with CER buyers who, in some cases, will cover some or all of CDM project registrations costs (Biosphere Capital’s fee, DOE and UNFCCC charges). Financial Services Biosphere Capital does capital raising and project finance for renewable energy projects. Our recent experience includes a 100MW solar thermal installation, a wind turbine manufacturer, and biodiesel production applications. We also help micro caps, small caps and middle market companies in all sectors raise capital in a variety of ways. We provide introductions to private equity, venture capital and specialist funds. Biosphere Capital will follow through the transaction execution, including participation in the due diligence process and investor dialogue.
PRITA DEVELOPMENT Ltd.
132, Calea Calarasi Street, Bucharest, RO
Phone: 0040 31 439 30 95/ 0040 771 053 920
We can provide expert advice and assistance with project finance cashflow analysis, optimization and restructuring of structured finance transactions. We build and maintain Excel-based financial models of project finance transactions, providing a "plug-in" resource for project sponsors or banks.
For capital markets transactions, Biosphere Capital can oversee financial analysis, form underwriter’s consortia, assist in drafting sessions, road-show presentations and capital commitment processes. We assist medium-sized companies achieve initial exposure to primary markets. Our wide-ranging experience of financial operations in Europe, USA, the Middle East and Asia allows us to bring creativity and an international perspective to your project.
Regarding the procedure for CDM projects, there are two options:
1. Project owner pays all CDM fees and gets maximum benefit when CERs are sold. The CDM fees and transaction costs are up to euro100-150k when all travel and auditing is included. There are two rounds of audits by UNFCCC auditors. Of course there is a small but non-zero risk that a CDM project may fail to generate revenue for a number of reasons, so, many project developers prefer to avoid this risk. CER revenue may not occur for two years.
2. CER buyer advances CER fees and transaction costs; i.e. the CER buyer assumes the CDM risk. In this case the project owner must sign an Emissions Reductions Purchase Agreement (ERPA) with the buyer at the start of the project. The buyer will recover the transaction costs and also have the right to buy the CERs at a discount to the prevailing spot price when the CERs are issued. The amount of the discount depends on the risk that the buyer perceives the project to have.
We are doing about 40 CDM projects and only 3 use option 1.
We would be honored to offer you more details, if you consider out offer interesting. Do not hesitate to contact us!
Bulintis Iulian Laci Ples
Prita Development Biosphere Capital