PATRIOT RENEWABLES is a developer, owner and operator of renewable energy developments in the Northeast. Our parent company CASHMAN has a significant tax appetite exceeding projects in our pipeline.
Patriot REC was created as a tax equity sponsor and syndicator to monetize Investment Tax Credits (ITCs) and Production Tax Credits (PTCs) from other Developers. Given our background in renewable energy development, we understand the Developer’s perspective and work to monetize the tax credits while minimizing deal costs and friction. We focus on efficient transactions and relationships. A general summary of how we structure third party transactions is as follows:
WHY PATRIOT RENEWABLE ENERGY CAPITAL
Tax Equity Partnership Flip
5 year time based flip with no yield hurdle.
99/1 Split
We monetize 99% of the tax credits.
Maximize cash flow to the Developer
We are interested in the tax credits, NOT the cash flow.
Depreciation Schedule
12 Year Alternative Depreciation Schedule leaves approximately 60% of tax shelter post flip
Documentation
Low fixed transaction costs.
