Strategic Financial Advisory firm strengthens its commitment to identifying, advising and funding essential and innovative solar companies and projects
SAN FRANCISCO, Calif. (BUSINESS WIRE) – July 8, 2015 – CLEAN POWER CAPITAL (“CPC”), a strategic and financial advisory firm dedicated to Clean Technology corporate and project financing, is capitalizing on the expansion of solar companies and projects both domestically and globally.
Internationally, major financial institutions and large multinational corporations are playing a significant role in the growth of the solar industry. Recently, Bloomberg New Energy Finance predicted that “solar will attract funding of around US$3.7 trillion of over the next 25 years, becoming the largest energy segment in terms of new investment, [and] estimates solar will generate 14% of the earth’s electricity by 2040” (PV Magazine, 2015). This is exemplified in a recent commitment by the Adani Group to create five PV plants totaling 648 MW totaling roughly $715 million in India, as well as an expected 100 GW of PV installations over the next 15 years in Africa.
In the United States, the solar industry continues to grow as well. A recent study by Stanford University found that the U.S. could feasibly convert to 100% renewably sourced power by 2050, with PV providing 38% of that mix and creating up to 2.3 million jobs. With the 579 MW Solar Star plant now being connected to the California ISO grid, the U.S. now has the largest operational Solar PV plant in the world. Furthermore, residential solar is playing a large part in the proliferation of American PV capacity as the first quarter of 2015 saw a growth of 76 percent from that of 2014, with 437 megawatts of PV being installed on residential units in the first three months of this year.
Starting on July 14th , 2015, the annual InterSolar North America conference begins in San Francisco and will bring manufacturers, suppliers, distributors, service providers and partners of the solar industry together. In addition to this extensive networking opportunity, the conference will also host the SunSpec Solar Finance and Asset Management Symposium, which “brings together expert speakers from banking, market researchers, national laboratories, leading developers, originators, financiers and standards bodies to discuss the current market and new trends in solar finance” (Intersolar North America, 2015).
“Being a San Francisco-based strategic and financial advisory firm, CPC sits at the forefront of the renewed confidence in the solar industry on the behalf of large financial institutions and investors. Our firm is best able to capitalize on the growth within the industry because CPC’s expertise and network within the solar markets allow us to help developers obtain project financing including construction and term loans, sponsor equity and tax equity.” Said Roy Schwartz, Director of Project Finance at Clean Power Capital. “InterSolar will allow CPC the opportunity to extend its services to credible, investment-grade solar opportunities and expand its network of relationships within major financial institutions in the space.”
Alexander von Welczeck, Managing Partner at CPC agrees. "Our firm can effectively help investors make successful investments in solar companies and projects in the USA and internationally." Swayed by government mandates and increased interest and trust in the industry on the behalf of financial institutions, the solar PV market has nearly reached 200 GW internationally and estimated to grow by 50 GW by the end of 2015 alone. Furthermore, over the next four years, the capacity of PV around the world is expected to at least double. “The interest, available funds and growing investment opportunities, and PV capacity are in place. We at CPC are in the best position to facilitate the continued growth of the solar industry.”
CLEAN POWER CAPITAL (“CPC”) is a private investment bank committed to servicing clients in the accelerating Clean Technology and Renewables markets across a wide array of subsectors; from waste-to-value, energy efficiency including storage and smart grid, to alternative fuels and energy, to water and agriculture.
The firm prides itself on providing well-structured Corporate and Project financing by accessing the international finance markets to ensure the most competitive and strategic sources for debt, equity and tax equity investment on behalf of our clients. CPC specializes in finding optimum solutions in financing for both private and public companies with growth capital needs of $5 million to over $100 million, as well as projects and project portfolios with financing needs of $20 million to over $500 million. Our experienced senior banking team have provided lending services and participated in funding Technology businesses and Renewable projects totaling over $2.1 billion for growth capital, working capital, assets, licensing, mergers & acquisitions (M&A), Initial Public Offerings (IPO), and other financing events.
For more information please see www.CLEANPOWERCAPITAL.NET
Clean Power Capital, LLC