RedWind Consulting announces the completion of two solar projects in Massachusetts for JRC US Holdings, LLC (JRC). RedWind served as the exclusive financial advisor to JRC for this transaction.
“RedWind’s network and access to deal flow is extensive, and proved to be invaluable,” states Jeff Jenner, Managing Partner of JRC. The projects will supply the residents of Massachusetts with 12 MWs of clean, renewable solar energy for approximately 25 years. The projects are expected to achieve commercial operation in the second quarter of 2015.
RedWind identified the acquisition target and sold a license for its financial model to JRC. After completing extensive financial modeling of the projects and providing strategic advice throughout the due diligence period, RedWind drafted the letters of intent between JRC and the developer and brought the deal to completion.
“It was very rewarding to help JRC make its first and significant investment in solar energy by leveraging our extensive industry knowledge and relationships,” states Dan Rustowicz, chief manager of RedWind Consulting. “The solar energy market is heating up with high caliber players such as JRC making substantial investments for utility scale projects.”
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