2017 Fire Awards Finalist
Wayne Van Dyck, CEO, RePower Capital
It’s estimated that 75% of mid-market (capex of $3mn to $100mn) clean energy projects never get financed: developers can’t get investment bankers to find the project finance they need, particularly if they are small to middle market sized projects (<$100M). As a result, project developers are forced to go it alone – and with more than 75% unable to find the project capital they need, most fail, leaving $300 billion of unbuilt projects every year.
Online financing of clean energy projects is an initiative to provide mid-market clean energy projects a tailored, efficient access point for finance.
• High cost and low probability of raising mid-market project capital
• Length process for raising mid-market project capital
Repower Capital offers an online transaction engine that automates due diligence and capital finding for mid-market solar, wind and waste-to-energy projects. RePower reports that its transaction engine is much faster and reduces man hours required by up to 90%. Developers submit their projects online and get a $25,000 screening and financeability report for free. Those with high enough scores submit all their project data for vetting, structuring, and matching with capital sources, including over $80 billion of investable equity, tax and debt looking for middle-market projects to fund.
BNEF On-Stage Pitch
Key Impact Metrics
- Estimated reduction of project financing costs: 90%
- Target amount of annual financings: $50 billion
- Number of coal plants eliminated in 10 years
News & Events
New York – Today at the Bloomberg New Energy Finance (BNEF) Future of Energy Summit, hundreds of leaders in clean energy and finance voted for two Fire Awards winners from amongst four finalists that presented their businesses in an extremely close pitch competition. The two winners are: Electric Bus Battery Service Agreements: A new lease financing model to lower […]
December 6, 2016 London – The Fire Awards have announced the selection of four finalists to pitch their financial innovations for the acceleration of green growth at the annual Bloomberg New Energy Finance Future of Energy Summit in April 2017. The four finalists were selected by the Fire Advisory Panel, consisting of experts in finance, […]