Claremont Energy

POWER GENERATION

We manage private equity funds that invest in renewable power generation projects. Our mission is to finance utility-scale projects that rely on solar, wind, biomass, hydro, geothermal, and other technologies. We focus on these projects for the following reasons, among others:

The projects may possess considerable upside potential. For example, upside may occur from (i) selling Production Tax Credits or Investment Tax Credits to tax equity investors; (ii) renegotiating Power Purchase Agreements or Fuel Supply Agreements; (iii) selling Carbon Emissions Reduction credits under the Clean Development Mechanism of the Kyoto Protocol (in certain foreign markets); and (iv) exiting investments through asset sales at premium prices.
Renewable power projects are relatively low-risk. Energy sales typically occur under long-term contracts with creditworthy purchasers such as local utilities. The technologies are generally well-established with lower environmental risks than traditional fossil fuels.
The projects are often too small (1 - 50 MW) for potential competitors, leaving the field open to boutique private equity firms such as Claremont Energy.

Our experience in the power sector is extensive. We have provided millions of dollars worth of consulting services to power sector entities including Fortune 500 companies, government agencies, multilateral development banks, and commercial banks. We have helped raise billions of dollars of capital for power plants in a variety of international settings. We also have access to specialized data resources and modeling tools.

TERRITORY

We focus on investments in the United States, Canada, and Latin America. This is the territory that we know best. We have extensive experience throughout the Western Hemisphere. In addition, all of us are fluent or proficient in Spanish.

Eric Shumway has worked throughout Latin America on power sector engagements, in addition to running the Mexico City office of London Economics for three years. Slav Gatchev raised debt capital for large power projects in Panama, Peru, Argentina, and the Dominican Republic.