Closed $115 Billion of Transactions in Utility-Scale Renewable Energy, Conventional Power Generation, and Infrastructure Space
PRINCIPALS & CONSULTANTS, WITH EXTENSIVE EXPERIENCE,
LOCATED IN NORTH AMERICA
Recent Experience:
- Closed a large project delivering utility-scale solar and battery storage, and enhanced grid reliability, in Puerto Rico as Financial Advisor to DOE’s Loan Programs Office:
- Project Marahu comprises 200 MW of solar PV and up to 285 MW (1,140 MWh) of stand-alone BESS capacity
- $861.3 million loan guarantee from DOE
- The borrower is Clean Flexible Energy, LLC, an indirect subsidiary of The AES Corporation (AES) and TotalEnergies Holdings USA, Inc.
- This project is financed through the Energy Infrastructure Reinvestment (EIR) program under Title 17 Clean Energy Financing Section 1706, created by Biden’s Inflation Reduction Act
- Project info: https://www.energy.gov/articles/biden-harris-administration-announces-more-860-million-loan-guarantee-support-construction
- Closed the first and largest green hydrogen production and storage facility in the world (precursor to the first hydrogen hub in US) as Financial Advisor to DOE’s LPO:
- ACES project in Delta, Utah, will combine 220 megawatts of alkaline electrolysis with two massive 4.5 million barrel salt caverns to store clean hydrogen
- $504.4 million loan guarantee from DOE
- World-class institutional investors including General Insurance Corporation of Singapore, Ontario Teacher’s Pension Plan, Alberta Investment Management Corporation, and John Hancock Life
- Project info: https://www.energy.gov/articles/doe-announces-first-loan-guarantee-clean-energy-project-nearly-decade
- Closed $22.8 billion as Credit Officers at DOE, responsible for the structuring of loan guarantees, including the following projects across infrastructure sectors:
- Solar generation and BESS ($11.26 billion)
- Nuclear (8.319 billion)
- Wind (1.405 billion)
- Solar manufacturing (748 million)
- Geothermal ($456 million)
- Power transmission (360 million)
- Biomass ($237 million)
- Advanced vehicle manufacturing (50 million)
- Experience includes $23.6 billion in managing the credit underwriting process for renewable energy projects with the Loan Programs Office at the US Department of Energy.
- $15.3 billion for renewable energy (biomass, geothermal, solar, wind and battery storage)
- $8.3 billion for nuclear energy.
- Financial advisor and placement agent for $1.4 billion project financing of merchant power portfolio.
- Financial advisor and bond underwriter or underwriter’s counsel for project financings of $1.4 billion debt for a merchant power portfolio and $89 million debt for a waste-to-energy project in Massachusetts.
- Deep experience with privatization, dating back to the 1980s, when PURPA and PUHCA regulations first were introduced to privatize power.
- Experience with sophisticated financial engineering techniques, investment tax credits, and complex limited partnership structures.
- The team’s experience has been in a number of roles that include sponsor, investor, underwriter, advisor, and asset manager.
Clients:
- Top financial institutions, industrial companies, and Government agencies
- Including: UBS, Booz Allen, Entergy, US Department of State, ABB, GE Capital, Enervest, NewWorld Capital, Philip Morris, First Energy, and TXU.
Extensive Training Programs:
Conducted multiple training programs with clients such as: ABB, GE Capital, DOE, a private equity firm, developers of renewable energy projects, and commercial lenders.
Key Strengths Include:
- On the Standing List of Financial Advisors for the US Department of Energy (“DOE”)
- Exceptionally deep experience in renewable energy.
- Work with Fortune 500 companies, leading financial institutions, and US Government agencies.
- Registered on SAM.gov, a US Government procurement website.
- Registered as a small minority-owned business.