in News Departments > Projects & Contracts
print the content item

Accounting, tax and advisory firm CohnReznick LLP (CR) and key members of Reznick Capital Markets Securities (RCMS) have closed on an $88 million sale-and-leaseback transaction for the 23.4 MW Punta Lima wind farm, located outside Naguabo, Puerto Rico.

CR and RCMS provided consulting and advisory services to the seller and Gestamp Wind Energy North America. The buyer, Sovereign Bank NA, is a subsidiary of Banco Santander.

CohnReznick's national renewable energy practice and the RCMS team provided financial, tax and auditing consulting; valuation; and structuring services.

The project has a power purchase and operating agreement with the Puerto Rico Electric Power Authority, which contracted 100% of the power produced, along with the renewable energy credits.




Trachte Inc._id1770
Latest Top Stories

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965