Our mission is to make the solar asset space more efficient and transparent. Less friction means better values for investors and consumers.
Banks, insurance companies, pensions, hi-net worth investors
All projects "post-recapture" seeking to monetize their long-term contracts.
JJR provides pricing information, liquidity, asset management and other services to each sector.
Buyers and sellers get better prices, assets operate more efficiently.
1. There are over 60,000 MW of operating solar today.
2. The "mid-market" comprises approximately one third - 20,000 MW
3. Each MW, from a cash flow perspective - is valued at roughly $2 million ($2.00/W)
4. Therefore, the addressable, mid-market is $40 billion.
5. The market is expected to continue to grow.
Located in Arizona
Investment grade offtake
Under contract in lower 7's
13 MW Operating, California Portfolio
10 Projects total
Refinanced by SEller due to tax liability gain-on-sale
Previously owned by listed corp
45 MW, $100 million
Traded $2.60/W (close QI 2019)
California (Palm Springs) Operating Assets
So Cal Edison PPAs
2012 in -service
Traded late 2017
Needed capital improvement
Trade at $.95/, 21% IRR unlevered
14 California Schools Projects
In-service 2011 - 2014
NRG Tax equity
Our experience in energy markets, assets and financing over the past 23 years have given us relationships, insights and humility.
Currently managing assets in Massachusetts and Minnesota. Experience in CO, NM, NC, CT, NJ, MA, MN, Iowa, WI.
Debt, equity, advisory. Over 25 years financing energy assets in the US, including financing power contracts, power assets, construction companies and acquisitions. Active as a principal and advisor.
Experience in asset financing/development and energy markets since 1995, multiple fuels, including coal, nat gas, LFG, solar. Focus since 2009 on solar.
Investment-grade development and operating assets in the US.
2009 - Colorado roof/ground
2010 - 35 project non-profit build (NJ)
2011 - 2012 - New Mexico/No. Carolina (10 MW) advisory, 1603 grants
2013 MN Acquisition 226 kW, 5 schools
2014 - Connecticut builds
2015 - MN, Iowa, Wisc. builds
2016 - Massachusetts 800 kW, 600 kW complete
2018 - (Client) corporate restructuring
(MN), solar manufacturer (complete)
CT - 700 kW sold, 1000 kW pending
Capital Fund Development - USA
Equity - $25-$50M
Debt - $50M