Greentech Advises


Greentech Advises Tradewind on Solar and Energy Storage Platform Sale
March 27, 2019

Greentech Capital Advisors is pleased to announce the following transaction:
Exclusive financial advisor on the sale of its solar and energy storage development platform to

UndisclosedJuly 2019

*

CLIENT OVERVIEW

Headquartered in Lenexa, Kansas, Tradewind Energy (“Tradewind”) is one of the largest wind and solar project development companies in the U.S. Since its inception in 2003, Tradewind has developed and sold solar PV and wind projects representing ~$5.6bn of total investment and has over 13 GW of wind, solar and storage pipeline projects under development.

* Mandated through Nomura Greentech Capital Advisors, LLC (formerly known as Greentech Capital Advisors Securities, LLC)

TRANSACTION OVERVIEW

  • On March 27, 2019, Enel Green Power (“Enel”) announced the closing of its acquisition of the entire Tradewind platform, including 13 GW of wind, solar and storage projects located throughout the U.S.
  • Shortly after the closing of Enel’s purchase of Tradewind, Enel signed a definitive agreement with Macquarie Group’s Green Investment Group (“GIG”) to sell the U.S. solar and energy storage unit of Tradewind, a subsidiary of Enel Green Power North America, named Savion, LLC (“Savion”)
  • Savion is an integrated U.S. solar and energy storage development platform with industry-leading enterprise and site evaluation systems. Its project portfolio includes a 6 GW pipeline of solar and energy storage development projects
  • Upon closing, Savion will be managed by former Tradewind principals Rob Freeman and Geoff Coventry

The transaction press release can be found at:

Press Release

Greentech Capital Advisors acted as exclusive financial advisor to Tradewind on the sale of Savion. The transaction further strengthens Greentech’s leading advisory position in the renewable energy and energy storage sectors.

“The U.S. solar market presents a very attractive investment opportunity and we see strong fundamentals driving future growth. The commitment we announce today is a continuation of GIG’s strategy in U.S. utility scale solar,” said Chris Archer, Head of Green Energy Americas for Macquarie Capital. “Tradewind’s seasoned team of specialists have built a leading solar and storage development platform that we expect to thrive in partnership with GIG.”

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For additional information about this transaction, please contact:

PJ Deschenes
Partner
+1 (212) 946-3362
pjdeschenes@greentechcapital.com

Frank Nicklaus
Partner
+1 (212) 946-3372
fnicklaus@greentechcapital.com

On April 1, 2020, Nomura Holding America Inc. acquired Greentech Capital Advisors Securities, LLC, a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory authority (“FINRA”), and renamed it Nomura Greentech Capital Advisors, LLC (“NGCA LLC”). Clients who engaged with Greentech Capital Advisors Securities, LLC prior to April 1, 2020 will remain clients of NGCA LLC, unless otherwise notified. Otherwise, all activities of Nomura Greentech in the U.S. are conducted by Nomura Securities International, Inc. (“NSI”), a broker-dealer registered with the SEC and a member of FINRA. All services of Nomura Greentech conducted outside of the U.S. will continue to be provided by Greentech Capital Advisors, AG, located in Switzerland and renamed Nomura Greentech Capital Advisors, AG (“NCGA AG”). NGCA AG does not provide services that require it to be licensed as a broker-dealer in Switzerland and is not so licensed. As of April 1, 2020, NSI, NGCA LLC, and NGCA AG are affiliates under common control. The greentechcapital.com web domain provides information about NGCA LLC, NSI and NGCA AG.

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