| Renewables Group |
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Objectives
Pillar Point Renewables is a division of The Pillar Point Group that is actively
pursuing opportunities with existing wind farms, wind related businesses, and
renewable energy credit (REC) streams from renewable energy projects.
Wind Farm Asset Purchases
Pillar Point Renewables is interested in owning and operating existing or soon
to be completed wind farms from 5 MW to 75 MW in size. Pillar Point will
consider outright purchases or the purchase of a developer stake in an equity
flip structure.
Wind Related Businesses
Pillar Point Renewables is also interested in the purchase of wind related
businesses, ranging from overhaul facilities to operations and maintenance
companies.
Renewable Energy Credit (REC) Purchases
Pillar Point Renewables is able to offer up-front lump sum payments or a "REC
Power Purchase Agreement (PPA)" for any U.S. based renewable project in service
on or after 1998. The lump sum option is a one time payment for all RECs
generated in the lifetime of the project. The REC PPA is an alternative
structure that allows the asset owner to sell their REC output at a
predetermined price each year for the remaining life of the system.
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