TerraPro Solutions Performed Real Estate Due Diligence, Title Curative, Transaction Closing Support for ENGIE N. Am. Tax Equity Financing of 2.0 GW US Renewable Portfolio
TerraPro Solutions provided comprehensive real estate risk mitigation due diligence and title curative oversight to ensure that all financing and closing requirements for this groundbreaking ENGIE transaction were met.
SAN DIEGO, Sept. 16, 2020 /PRNewswire-PRWeb/ -- In April, ENGIE North America secured major tax equity financing for its renewables portfolio. The portfolio consists of 2.0 GW of renewable assets, comprised of 1.5 GW of onshore wind and 0.5 GW of utility-scale solar PV projects. This is believed to be the largest tax equity deal of its kind in the United States. TerraPro Solutions was a part of the team of third-party consultants who helped ENGIE complete this tax equity financing.
From late-stage project development through construction and financial closing, TerraPro Solutions experts worked on 8 of the 11 wind and solar projects in this portfolio. The deliverables included title curative analysis and bridge documentation to streamline and mitigate risk related to the real estate title curative requirements and title policies. TerraPro Solutions also provided critical support in negotiating and obtaining relevant consents, subordinations, and crossing permits.
"Our mission is to provide critical development and financial closing support for organizations that are investing in climate change solutions," states Kimberlee Centera, CEO, TerraPro Solutions. "We are pleased to have been part of the team that contributed to this groundbreaking achievement for ENGIE."
About TerraPro Solutions:
TerraPro Solutions, a leading risk mitigation renewable energy project development consultancy has generated over 10 GWs in Solar, Wind, and Energy Storage. With a total financed value of over $6 billion, it is the top development consultancy in the renewables market. TerraPro Solutions provides high-level expertise in the development and implementation of renewable energy projects. Services include site feasibility and land acquisition, due diligence for investment and financing, and construction, compliance and post-construction operations. For more information contact Annemarie Osborne 949-237-2906 [email protected] or Vanessa Faucher 858-573-2000x810 [email protected] or visit http://terraprosolutions.com/
About ENGIE North America:
ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company's power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, http://www.engie-na.com and http://www.engie.com.
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SOURCE TerraPro Solutions
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