Lower Cost and Risk
NorthLight has the knowledge, experience and contacts necessary to facilitate the lowest possible cost of financing for solar projects.
Specifically, NorthLight has significant financing experience in the pioneering of its White Creek model. This financial model’s structure was acknowledged as “runner up” for deal of the year in 2007, primarily because it financed a renewable project using only tax equity and a tax exempt pre-pay for power. This is just one example of our innovative approach, illustrating how our deep knowledge of project structuring, financial market requirements, tax incentives, etc., can lower the cost of solar for our partners.
In general, NorthLight’s value proposition is to take and manage financial risks in large-scale power projects without NorthLight’s equity participation. This results in full-scope project development at low, “non-equity rates.” In effect, NorthLight can work for public power agencies and investor owned utilities (IOU’s) without requiring a return on equity component in our fees. We often work with owners of projects that prefer not to divide equity returns, or already have a minority equity partner. This is becoming a common scenario in the marketplace.