With expertise in development financing, construction capital, tax equity, permanent debt, and structured equity, Range offers bespoke solutions to help our clients’ meet their financing needs.
With a broad network of investors who specialize in offering both project and corporate capital, Range helps developers and project sponsors raise the capital they need to advance their goals. Our aim is not just to market projects and businesses to investors but to unlock value by leveraging proprietary financial models that can tell, as impactfully as persuasively as possible, the economic story of our clients' assets and businesses. We approach each corporate and project financing process tactfully, driving participants down the shortest path to the optimal economic outcome.
Tax Equity Raise for a Utility Solar Project
Range was engaged by a developer of utility scale solar to raise tax equity financing for a single asset. The developer’s project finance team was understaffed, and was seeking outside help to close on the transaction. Range assisted the company by building out a financing model, creating a marketing CIM, holding meetings with prospective investors, negotiating term sheets, coordinating due diligence, and assisting in the negotiation and execution of definitive documents. Throughout the process, Range served as an outsourced deal lead for the client, interfacing daily with the company’s internal personnel and interfacing directly with key external stakeholders.
Corporate Equity Raise for C&I Developer
Range was engaged by a leading developer of C&I and Community solar to raise a new round of corporate equity to restructure their capital stack and provide key growth capital for the client’s expansion. Range worked closely with the client’s C-suite executive team to create and prepare a Corporate Model, an Investment Memorandum, and devise key corporate strategy for the client to communicate to prospective investors. Subsequently, Range created a list of target investors for the company, provided introductions, and helped to facilitate management meetings with prospective investors. Range then assisted the company in term sheet negotiations, outside counsel selection, due diligence coordination, and definitive document negotiations to ensure a smooth closing process and a successful outcome for the client.
Corporate Modeling
Range helped a large community- and utility-scale developer build out a corporate model that is being used to facilitate a $100M+ capital raise. The developer had financed over 5GW of projects, but had never taken on outside investment, and as such, lacked some standard financial forecasting tools, such as a financial model. Range worked closely with the developer to aggregate project inputs across multiple different development teams, forecast future development with the company’s leadership team, and synthesize the results into a robust corporate model. That model is now being used to both facilitate the developer’s capital raise, but also to make critical internal planning and resource allocation decisions.
