$6 Billion of Renewable Generation.

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Our Experience

 

a long proven track record

Our team’s expertise, investment and risk evaluation process has been tested and proven successful across 60+ projects in eight separate vintages of solar PV project portfolios, resulting in 2GWp of solar PV with over $6B of total asset value created.

 

evolving with the market

Our team has been successful together throughout the evolution of clean infrastructure, from the early days of kW scale solar, to pioneering 5-20MW projects and on to increasingly sophisticated and complex transactions of 100-500MW projects.

 

success in spite of adversity

Our team has weathered the financial crisis, changes to ITC, module tariffs, unique real estate and permitting, historically low gas and power prices, and the increasingly competitive landscape of renewables development, while continuing to deliver 2GWp of profitable projects.

 

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shared experience, not combined experience

The Intersect Power team’s experience is not a sum of years on a handful of resumes. It is a decade of learning and shared success as part of one cohesive team, reunited under our new company.

 

proven stewards of capital

We have successfully deployed almost $100M of early stage development equity from prior investors and delivered a return in excess of 3x within 3-4 years of the initial investment. Our team has been involved in almost $9B of successful debt and long term equity financing for mid to late stage development projects.

 
 

"Our late stage experience drives our early stage discipline."

Luke Dunnington | Co-Founder

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Project Experience

 

Prior to Intersect, members of our team led development of the following projects:

 

Tranquillity

257MWp | California

Sited in 2010 on approximately 1,900 acres, Tranquillity received its Conditional Use Permit (CUP) from Fresno County in 2014 and was contracted to deliver power to SCE on a long-term Power Purchase Agreement. Tranquillity was financed with project and tax equity from Southern Power and with $337 million of non-recourse project finance and LC facilities from NORD/LB, Rabobank, Santander, KeyBanc, CIT, and CIBC. Tranquillity was constructed by Signal under an Engineering, Procurement, and Construction Agreement and reached Commercial Operation in 2016.

 

Roserock

212MWp | Texas

Sited in 2013 on approximately 1300 acres, Roserock was contracted to deliver power to Austin Energy on a 20-year Power Purchase Agreement.  Roserock was financed with project and tax equity from Southern Power and with $275 million of non-recourse project finance and LC facilities from KeyBank, Rabobank, Santander, NORD/LB, and CIT. The facility was constructed by McCarthy under an Engineering, Procurement, and Construction Agreement and completed construction in 2016.

 

Mustang

134MWp | California

Sited in 2010 on approximately 1000 acres, Mustang received its Conditional Use Permit (CUP) from Kings County in 2014 and contracted to deliver power to Marin Clean Energy and Sonoma Clean Power under long-term Power Purchase Agreements. The project was financed with tax equity from U.S. Bank and $165M in non-recourse project finance with Santander. Mustang was constructed by Blattner under an Engineering, Procurement, and Construction Agreement and reached Commercial Operation in 2016.

 

SMUD Feed In Tariff

88MWp | California

Sited in 2009 on approximately 550 acres, this portfolio of 16 projects received Conditional Use Permits (CUP) from Sacramento County in 2011 and was contracted to deliver power to SMUD on a 20-year Power Purchase Agreement. The SMUD portfolio was financed with project and tax equity from Google and KKR. The facilities were constructed by Swinerton under an Engineering, Procurement, and Construction Agreement and reached Commercial Operation in 2011 and 2012.

 

Barren Ridge

78MWp | California

Sited in 2009 on approximately 588 acres, Barren Ridge received its Conditional Use Permit (CUP) from Kern County in 2011 and was contracted to deliver power to LADWP on a long-term Power Purchase Agreement. Barren Ridge was financed with tax equity from U.S. Bank and with $115 million of non-recourse project finance from Rabobank, Santander Bank, NordLB, Key Bank, and CIT. The facility was constructed by Swinerton under an Engineering, Procurement, and Construction Agreement and reached Commercial Operation in 2016.

 

Ontario Feed In Tariff

220MWp | Canada

Sited in 2008 and 2009, the Ontario portfolio received land use permits in 2011 and 2012 and was contracted to deliver power to the Ontario Power Authority on 20-year Power Purchase Agreements.  The portfolio was financed with project equity from Fiera Axium Infrastructure, MetLife, Mitsubishi Corporation and Osaka Gas and reached Commercial Operation in 2013 and 2014.