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Solar Energy Asset Management, Development and Financing

Our mission is to make the solar asset space more efficient, transparent and clear.  Less friction means better values for investors and consumers. 

All Solar, ALL the TIME

Currently managing...

Five (owned) sites, 226 kW in Minnesota

Currently advising...

800 kW roof-top (operating)

Currently building...

525 kW and 129 kW in Connecticut

Currently syndicating...

Solar fund to acquiring existing, operating assets in the US

Target acquisitions...

100 kW to 5,000 kW, operating solar assets at least five years old (in the US)

Asset Management

Currently managing assets in Massachusetts and Minnesota.  Experience in CO, NM, NC, CT, NJ, MA, MN, Iowa, WI.  

Finance

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. 

Development

Experience in asset financing/development and energy markets since 1995, multiple fuels, including coal, nat gas, LFG, solar.  Focus since 2009 on solar.

Preferred Transactions

Investment-grade development and operating assets in the US. 

Representative Transactions

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


Market Focus - 2018

Fund Development - USA, primarily operating solar between 100 and 5,000 kW, completing 1700 kW build mandate in CT and 3,000 kW in CA.


 

What is "Solar Run-off"?

1. Projects at least five years old

2. Significant Contractual Value

15-25 years remaining on life-of-project and contracts

3. Opportunity to monetize the contracts

Cash bid, quick close

Operating Assets - Market Structure

Total Solar Market Today

- 55,000 MW

-5% of total US generating Capacity

Residential

Roughly 1/3 total market

1 kW to 10 kW

"Mid-Market"

1/3 of market (18,000 MW)

100 kW to 5,000 kW

Primarily commercial + institutional

Trades 7-11 % IRR on cash

Highly dispersed

Utility Scale

1/3 of market (18,000 MW)

5,000 kW and above

Strong institutional interest

Low-yielding returns (5% IRR) 

About JJR

Background

35 years finance and commodities.

Solar energy asset ownership, management, development and finance, union power plant construction.

Your objectives are?

Selling an Asset?  Provide us with cash flows, we will price it within an hour. 


Developing? We can provide competitive EPC and financing alternatives.

Clarity and Transparency

With the correct information, you can get a level (a price) quickly for an operating project or a development asset.  We have operating partners and extensive relationships across the US. 

Partners, Relationships

Internal + External Partners

SHR Energy - Northeast solar developer/client


Silverbrook Capital - Nevada Investment Advisor/JJR Counsel


Best & Flanagan - Deal Counsel, Minnesota


Kilopower - Drew Holt - Originator/partner


Ferriter Law - Massachusetts Land counsel/partner 

Valuation Process

Own an Operating Asset? Looking for Values?

Provide us with the following:


COD: when did it start operations?


Annual revenues: __________


Term of your contract: ______


Who is Offtaker?


kW Capacity:


Annual Production:


Any other relevant costs: 


Location: 


Provide us with is information and we can give of a value of the asset (what we would buy it for).


Thanks!


 



Thompson Falls (Montana) Wood Burner (2006 acquisition target)

Thompson Falls (Montana) Wood Burner (2006 acquisition target)

Provide us with the following:


COD: when did it start operations?


Annual revenues: __________


Term of your contract: ______


Who is Offtaker?


kW Capacity:


Annual Production:


Any other relevant costs: 


Location: 


Provide us with is information and we can give of a value of the asset (what we would buy it for).


Thanks!


 


    

JJR Power - John Jaffray, jjaffray@jjrpower.com

Excelsior, MN 55331

(952) 715-3082