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Founded and managed by John Harper, Birch Tree Capital offers demonstrated expertise in advisory services to investors and developers in electric power generation projects. John has over twenty years of experience in structuring equity and debt financing for power and other infrastructure projects in the United States and over 30 countries abroad. Since 1996, Mr. Harper has acted as a developer, lender, and equity advisor in arranging, extending, and advising in financing of several thousand megawatts of power projects, including over 1,500 MW of clean power projects since 2000.
Industry Experience
A key focus of Birch Tree Capital is advising on financing for projects involving new or alternative power generation technologies and featuring Federal and state tax incentives. These considerations are central to the successful financing of renewable power generation projects. Mr. Harper has prepared applications for novel tax credit clean renewable energy bonds (“CREBs”) on behalf of several publicly-owned electricity providers and for municipalities. He led a Birch Tree Capital consultant team in advising a large life insurance company on closing on 290MW of tax-oriented equity investments in the wind sector. For enXco, Inc., an affiliate of EDF Energies Nouvelles, Mr. Harper closed tax-oriented equity investment and commercial debt financing for a 97MW portfolio of nine wind power projects. Mr. Harper has also financed natural gas and oil-fired thermal power generation projects.
International Financing
For ABB Financial Services and Wärtsilä, Inc., Mr. Harper structured debt and equity financing for multiple thermal power generation projects in the United States , Pakistan , Bangladesh , and Kenya . He extended guaranteed loan financing for multiple infrastructure projects while with the Overseas Private Investment Corporation, an independent agency of the U.S. Government.
A Well Rounded Team
Birch Tree’s founder and principal, John Harper, leads in providing services to Birch Tree Capital clients. Depending on the need, Birch Tree Capital draws upon a network of consultants experienced in the evaluation and financial structuring of investments in the clean power sector. Through that network, these consultants extend their expertise to a variety of Birch Tree Capital client projects. Of particular note is their experience in the following relevant areas:
- Advising institutional and strategic investors investing in specific wind, biomass, and conventional power projects, including due diligence reviews of project models, contracts, and negotiation of equity documentation.
- Reviewing financial models prepared by project developers.
- Structuring and extending equity and limited recourse and non-recourse debt financing for projects.
- Negotiation of power sales and other project agreements to secure third party equity and limited recourse debt financing.
Birch Tree Capital has joined with multiple consulting firms on various projects, including:
Additional detail on previous assignments and resumes of Birch Tree Team consultants are available upon request.
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