Services
Alfa Energy Advisors has been involved in more than 100 utility-scale projects on five continents. Our in-depth understanding of development, financing and operations of solar, battery storage, wind, gas, hydro, geothermal, and coal-fired plants brings the required expertise to the table.
Project Finance and Transaction Advisory Services
- Project finance advisory
- Tax equity structuring for solar and wind projects and negotiating key financing terms
- Debt and equity capital raising for project developers
- Buy-side and sell-side M&A advisory, including large portfolio transactions
- Project financial due diligence and financial modeling
- Support with RFP bids, PPA negotiations, and build-and-transfer arrangements
Services for Regulated and Unregulated Utilities Related to Solar Acquisition and Rate Basing
- Support executive management, board members, and owners through solar acquisition process and analysis
- Assist regulatory, tax, analytics, operations, and accounting functions in understanding the impact of solar ownership vs solar PPAs
- Prepare relevant presentations and analysis for key stakeholders about solar development, acquisition scenarios, and financing (sponsor equity, tax equity partnership flips, back leverage)
- For regulated utilities. Structure to avoid normalization rules and related party loss disallowance in a tax equity partnership
- Build robust long-term forecast models for analysis of utility's current generation portfolio and optimized fleet. Analyze various fleet scenarios/configurations (i.e. coal and legacy gas retirements and size of solar additions and timing)
- For regulated utilities. Determine optimal fleet with solar while ensuring both 1) benefits to rate payers (to ensure public utility commission approval) and 2) growth opportunities for owners via regulatory investment
- For regulated utilities. Help establish a strong case for solar additions for public utility commission - both from quantitative and qualitative perspectives
- Assist with RFPs (PPA, build-transfer "BTA" and self-build "SBO" options)
- RFP planning and design
- Self-build team formation / development planning and execution
- Developer and project screening and selection
- Real-time analytical support
- Coordination with key external and internal parties and relevant documentation
- Oversight of key processes
- Negotiate with developers, EPC providers, and coordinate all work with external consultants (tax, legal, engineers)
- Develop project financing models, raise and structure tax equity and assist with transaction closing
Valuation and Corporate Accounting Services
- Independent valuation for fairness opinions, financial reporting purposes, litigation and disputes, and strategic planning
- Expert financial modeling and model audits
- EPS impact analysis for financial reporting purposes, including implementation of hypothetical liquidation at book value (HLBV) method for solar and wind