RCMS Secures Tax Equity For 26.6 MW Solar Portfolio
| in News Departments > Projects & Contracts |
| Reznick Capital Markets Securities (RCMS), a subsidiary of accounting, tax and advisory firm CohnReznick LLP, has completed advisory services for three solar installations located in the Northeast. The projects included a 5.702 MW project in Massachusetts, where three municipalities jointly purchased the energy from a ground-mount installation; a 8.146 MW net-metering project at the New Jersey properties of a national food distributor; and a 12.820 MW portfolio of distributed-generation solar projects affiliated with the Long Island Power Authority. RCMS worked with independent asset-management firm Capital Dynamics, as well as US Bank, to advise on how to best structure tax-equity financing for these projects. The result was a lease pass-through structure that allowed Capital Dynamics to take advantage of the most economic financing structure for this portfolio while also presenting an acceptable risk and return profile for US Bank, the company explains. |
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