Renewable Energy

Catalyst provides financing for the following Renewable Energy Projects:

  • Solar (both rooftop mounted and ground mounted)
  • Wind (small and large turbine)
  • Hydroelectric
  • Geothermal

We fund 1MW+ late stage (near shovel ready) projects for established developers/integrators and manufacturers that have Power Purchase Agreements (PPAs) in place with investment grade or investment grade equivalent and/or public sector off-takers. We fund on a national basis and will fund projects for large non-profits such hospitals, colleges and universities. We will consider funding smaller projects if the developer has an established pipeline of projects.

We can provide debt, tax equity, equity and subordinated debt financing.

 

 Solar

The U.S. solar electric industry, as of the end of the second quarter of 2012,had an installed capacity of over 5700 MWs according to the Solar Energy Industries Association (SEIA). SEIA forecasts that the industry will maintain its rapid growth, as an additional 2,100 MW of solar electric (PV, CPV and CSP) capacity is projected to be installed in the second half of 2012. In 2011, installations grew over 100%, to 1,855 MW, with a value exceeding $8.4 billion. At the same time, primarily as a result of lower panel prices and improved installation efficiencies, average PV system prices have continued to decrease, resulting in more desirable project economics. This continuing trend is likely to offset certain regulatory uncertainties such as volatile SREC markets and the expiration of 1603 cash grant. Catalyst assists developers and EPC companies looking for construction, tax exempt, and permanent financing, as well as M&A and corporate finance activity.

 

Wind

The U.S. wind industry, as of end of September 2012, had an installed capacity of approximately 51,630 MW, with almost 7,000 MW installed in 2011 according to the American Wind Association (AWEA). Wind power has been one of the fastest growing sectors in renewable energy, but continued growth in the United States market is partially dependent upon federal and state policies. A variety of federal laws and policies have encouraged both wind energy production and the use of U.S.-made equipment to generate that energy. Some of these policies are subject to change at the end of 2011, and others are scheduled to expire in 2012.

Catalyst has evaluated several small and large wind projects and has contacts with funds looking to finance large wind projects. Should the Production Tax Credit (PTC) expire and not be renewed, wind project economics will suffer and fewer projects will be financeable.

 

 Hydropower

The U.S. hydropower industry, as of 2009, had an installed capacity of 96,000 megawatts of conventional hydropower and pumped storage according to The Energy Information Agency (EIA). Hydropower is the nation’s most available, reliable, affordable and sustainable energy source. EIA reports that hydropower production represents approximately 8.2 percent of total electric power produced in the United States as of July 31, 2012; and, the National Hydropower Association reports that hydropower is America’s largest source of clean electricity, accounting for 65.9 percent of all renewable energy generation in the United States, and is poised to grow by 60,000 MWs by 2025.

Catalyst has arranged financing for developing and selling hydropower projects. Catalyst recently arranged the sale of two hydro projects (3.2MWs) in New England. Catalyst has strong relationships with multiple financial institutions/funds interested in acquiring operating or late stage development hydropower plants. Catalyst can arrange equity and debt financing for established North America hydropower developers.

 

Geothermal

The Geothermal Energy Association (GEA) reports over 3,000 MW of installed geothermal energy capacity in the US.  There are currently another 147 projects in development, which, if completed, could result in an additional 5,000 MW of installed capacity.  Although primarily centered in the western states, geothermal developers are increasingly using new technologies to develop conventional hydrothermal geothermal resources in areas where little or no previous development has taken place.

In addition to new technologies, federal support and state renewable energy policies have further driven geothermal development.