TAX CREDIT STRUCTURING EXPERTISE EXPANDS TO DEVELOPING CLEAN ENERGY SOLUTIONS.

UFA’s Renewable Energy Group was created to extend the firm’s 3BL mission by leveraging its energy industry knowledge and structured finance expertise. The Renewable Energy Group is collaborating with its network of developers, investors, and system hosts to structure, finance, and construct over 40 MW of renewable energy projects throughout the western United States.

The Renewable Energy Group has in-depth experience in the renewable energy industry, including clean tech energy investing, solar, wind, geothermal, and transmission. This experience, combined with UFA’s expertise in structured finance, tax credit syndication, fund management, investor reporting, and tax credit compliance, enables the Renewable Energy Group to provide turnkey project finance and management packages to investors, system integrators, and system hosts.

The Renewable Energy Group is initially focusing its efforts on solar projects in Oregon. Investors in these photovoltaic projects will receive their required returns from Oregon Business Energy Tax Credits, federal investment tax credits, 5-year accelerated depreciation, the EnergyTrust of Oregon grant program, other state incentives, cash distributions, and residual payments. System integrators are able to focus on designing and installing the systems and do not need to expend time structuring complex financing packages. System hosts benefit by receiving energy at discounted rates.

PROJECT PROFILE: PORTLAND HABILITATION CENTER - 870 KW ROOFTOP SOLAR ARRAY

The Portland Habilitation Center is a non-profit with a mission to assist individuals with disabilities by providing the training they need to develop their skills so that they may obtain and maintain meaningful work. PHC delivers contracted services in custodial, landscaping, light industry and administrative services. From its inception in 1951, PHC has provided the education, training and jobs for thousands of people with developmental, physical and mental disabilities. PHC trains and employs approximately 1,000 people with disabilities.

The PHC solar electric project will be located on the roof of the 110,000 square foot industrial facility which was recently completed and is located at 5312 NE 148th Avenue in Portland, Oregon. The system will provide PHC approximately 870 kWp DC, which equates to approximately 858,000 kWh/year of renewable solar energy.

Portland Habilitation Center Press Release - Feb. 18, 2008