Renewable Energy
Our involvement with renewable energy started with sales of hydroelectric assets from shut and operating paper mills. We have subsequently also sold hydroelectric assets for companies in the energy industry. In addition, we have worked on a range of fiber-based energy projects (wood pellets, biomass power and advanced biofuels).
The North American hydroelectric sector has drawn strong investor interest in recent years, including an influx of new buyers/financing sources. Eight platform companies formed since 2011 have acquired approximately 200 conventional US hydro facilities totaling 1.9 GW of capacity plus a 1.2 GW pumped storage facility. In 2018 and 2019, Ontario Power Generation acquired two of these platforms, representing over 0.6 GW of capacity. Two more of these platforms were subsequently acquired by larger energy companies in 2022 and 2023.
Over the course of our hydro engagements, we have assisted clients with a range of issues:
In wood-based energy, we have completed transactions and sought investors for a range of projects including:
We also have conducted detailed valuations of biomass power plants within operating pulp and paper mills.
The North American hydroelectric sector has drawn strong investor interest in recent years, including an influx of new buyers/financing sources. Eight platform companies formed since 2011 have acquired approximately 200 conventional US hydro facilities totaling 1.9 GW of capacity plus a 1.2 GW pumped storage facility. In 2018 and 2019, Ontario Power Generation acquired two of these platforms, representing over 0.6 GW of capacity. Two more of these platforms were subsequently acquired by larger energy companies in 2022 and 2023.
Over the course of our hydro engagements, we have assisted clients with a range of issues:
- Developing pro forma financial statements for paper mill hydroelectric assets that previously served operating mills
- Reviewing the potential for continuing “behind the meter” contractual arrangements in proposed sales of hydroelectric assets from operating paper mills
- Current or proposed PPA terms
- Electrical and physical separation
- Interconnection
- Qualifying for high value compliance RECs
- Development stage assets
- Environmental matters
In wood-based energy, we have completed transactions and sought investors for a range of projects including:
- Sales of operating wood pellet facilities
- Conversion of idle paper mill steam & power operations to standalone biomass power plants
- A proposed greenfield export wood pellet plant
- An advanced biofuels demonstration plant
We also have conducted detailed valuations of biomass power plants within operating pulp and paper mills.