MARKET
Renergy Capital’s primary targets include residential and mid-market distributed generation. Within mid-market commercial installations, Renergy targets projects from 250Kw to 2MW, with larger projects considered. The capital required for commercial projects ranges from $2.5MM to $25MM.
Renergy Capital originates and manages independent investor projects in the $2.5MM-$10MM range while actively sourcing an investor fund structure up to $100MM.
Mid-market sector highlights:
- High quality sponsors and counter parties - regional utilities, municipalities, school districts and universities
- Proven technologies (PV panels and thin film, fuel cell).
- Target project size - .5MW to 5MW projects
- Capital required - $2.5MM to $25MM
- Larger deals will be considered and concentrated exposures will be syndicated
- Primary focus - US/Canada
- Secondary focus - Caribbean/Mexico
Residential sector highlights:
- California and New Jersey markets are primary
- Customers with excellent credit
- Installers with a minimum 5 year track record and at least 200 systems installed and operating
- Equipment agnostic, provided the supplier has a strong reputation
- Leases and PPA's are primary finance vehicles
Investment types:
- Tax credit equity investments
- Construction / bridge financing
- Equity
- Permanent Debt
- Fund vehicle to allow qualified individual investors participation
- Renewable energy credit purchases and placement