Energy Investor Services
Zenergy has been developing and investing in renewable energy projects for over 7 years.
Client’s hire us to gain this insider knowledge and structured finance expertise as they pursue a deal.
About Zenergy’s Investor Services
What We Do
Zenergy provides energy investors origination services, due diligence, structured finance advice, and fund formation support.
Who We Are
We bring the expertise of attorneys, investors, developers, and installers to each deal.
Who We Work With
Our clients include institutional investment funds, early stage private equity groups, corporate tax equity investors, traditional banks, and high net worth individuals.
- Raising Tax Equity & Fund Formation 80%
- Diligence & Valuation 45%
- Strcture Analysis & Equity Research 39%
- Sourcing Projects For Funding 72%
Fund Formation & Raising Tax Equity
When creating a new energy fund, Zenergy assists in structuring the investments, sourcing tax equity and debt, preparing pro-formas, and advising on the constellation of agreements needed by the fund. We help investors arrange the following capital:
- Tax Equity
- Construction Finance
- Traditional Debt
- Alternative Debt
- Pre-Development Capital
- Sponsor Equity
Working With Us To Raise Your Fund
Fund Strategy & Structure Planning
Our Fund Formation service includes:
a) Advice relating to the structure and design of the FundCo;
b) Its investment objectives and policies;
c) The impact of accounting, tax, and debt aspects on the FundCo; and
d) Assistance with the organization and formation of the FundCo.
Financial Models & Scenario Analysis
Zenergy’s models evaluate the following scenarios:
• Inverted Lease
• Partnership Flip
• Sale Lease Back
• 2 tiers of Debt
• YieldCo Structures
• REIT Structures
Entity & Project Contract Templates
Contract Template Package includes:
- Power Purchase Agreement
- Site Lease
- Engineering, Procurement, & Construction Agreement
- Developer Fee Agreement
- Operations & Maintenance Agreement
- Funding Commitment Letter
- LLC Operating Agreement, and
- Subscription Agreements.
Capital Raise and Development Support
In supporting capital raise efforts, Zenergy will:
– engage tax equity investors and banks
– prepare investment presentation materials
– facilitate the negotiation and close.
Structure Planning & Analysis
Evaluate your projects. Recommend the deal terms needed to optimize your return.
Evaluate Structure
Recommend alternative capital stack structures. Identify challenges with current plan.
Tax Analysis
Many proformas get the tax calculations wrong. Depreciation is overstated. Gains on exit are understated. Section 7701(e) is violated.
Advise on market rates/terms
We can tell you if you are getting a fair deal or paying too much. We see deals everyday from all over the country.
Investment Modeling
We confirm the energy production, operational costs, and financial calculations underlying your valuation.
Project Finance Portfolio Investment Model
Investment grade financial models. Granular operational analysis. Robust scenario options.
Tax Equity Scenarios
- Inverted Lease,
- Partnership Flip
- Sale Lease Back
Granual Project Inputs
Allows unlimited projects, each with its own input assumptions
Public vs Private Equity
Compare benefits of:
- Traditional LLC,
- YieldCo, and
- REIT Structures
Financial Modeling & Scenario Analysis
The output is a set of recommendations on transaction structure, investment terms, PPA pricing, and other parameters (e.g. EPC price, development fees, IRRs).
Project Origination
Zenergy matches investors with developers offering projects meeting their investment criteria.
Zenergy works with an extensive network of developers in commercial, industrial, and utility sectors. As an owner operator of projects, we understand exactly what makes a successful project and what obstacles to consider in the process.
We leverage that network to source new projects for clients, while also tapping that experience to assist in vetting opportunities.
Learn More About Project Sourcing >>
MW of Project Funding Requests
Developers In Network
States & Island Territories
Project Diligence & Valuation
Transactional Diligence
Review project agreements to find gaps in key terms or inconsistencies with offering summary.
Technical Design Review
Evaluate the current design and engineering choices. Run production output models to confirm revenue estimates.
Project Costs Assessment
Independently confirm project costs offered by the developer are competitive with market rates.
Investment Valuation
We model a variety of scenarios to identify the investment’s true valuation and the terms that optimizes your return.