Case Studies

Development Capital – Greenfield Windfarm

An early stage windpower developer approached Greenman Financial Advisors to assist in securing development capital for a greenfield windfarm project in Texas. After evaluating alternatives together, the client hired GFA to enter negotiations and secure a co-development partner. GFA prepared a financial deal proforma utilized in sizing the capital raise, selecting the co-developer, and allocating development profits amongst the partners under a valuation milestone concept. After working through the deal structuring, negotiations and document review process, the client successfully closed the deal for a multi-million dollar funding commitment from an experienced international wind developer. GFA continues to support the project developer as a financial liaison with the co-development partner including representation on the board, internal budgeting and capital funding efforts, and monitoring of tax and financial reporting.

“Working with Greenman Financial has been invaluable in advancing our development project. Brian really does think of everything and his focus on bringing money to our deal was tireless. He brings a high level of financial expertise to our team and is very respectful of all the players in our deal. We have a great working relationship, and I truly enjoy sharing his passion for treating landowners fairly and Brian’s commitment to growing the windpower community.”
Mariah Strategies, LLC, Dora Ross, President

Strategic Financial Planning – Product Development

Greenman Financial Advisors assembled a team by partnering with Competitive Energy Insight, Inc. to provide business development and strategic planning services for a utility scale energy storage company. GFA served as overall project manager and performed comprehensive financial analysis utilizing the CEI suite of EconExpertTM software as well as simulation dispatch models developed by industry expert CEI consultants. GFA prepared business case economic feasibility studies to evaluate ancillary services product development and marketing strategies. Key efforts included shaping the business model for demonstration and commercialization stages by quantifying revenues, operating expenses and capital cost rollout programs in consolidated financial statement forecasts.

“We were very fortunate to have been referred to Greenman Financial and work with Brian and the CEI team. Their industry expertise, insightful thinking and powerful financial analysis software has been very instrumental in shaping our business development strategies. We are very excited about our utility scale energy storage opportunities, and truly appreciate the confidence of pitching to investors with a solid business model and top quality financials on our capital raise roadshow.”
Gravity Power, LLC, Christopher J. Grieco, Executive Vice President

Financial Tools

At Greenman Financial Advisors, we believe in using the best-of-breed resource applications to ensure top quality reliable solutions. After working with a wide variety of homegrown internal financial projection models, GFA discovered a highly sophisticated, Excel-based economic feasibility analysis software suite licensed by Competitive Energy Insight, Inc. Through a cooperative working relationship, GFA teams with CEI to bring this world-class specialty software suite to serve our clients in the electric power generation markets including wind power, solar power, biomass and other renewable energy technologies. The CEI- EconExpertTM software models employ a very impressive architecture providing superior data management, portfolio analysis, partnership structuring, leasing scenarios, custom sensitivity analytics and deal structure optimization features.

“The working relationship created by GFA has been very valuable to CEI. Brian has a service –oriented style that has exceeded expectations with our shared clients growing repeat engagements and generating new business. He brings a solid business acumen and big picture approach to challenges balanced with a willingness to roll up his sleeves and produce results.”
Competitive Energy Insight, Inc., Steve J. Provol, President