NorthRenew has established a team of specialists committed to professional excellence with a deep knowledge base acquired through the successful completion of a multitude of transactions within a large, complex and dynamic industry.

Collectively, our team has over 150 years of development, construction, finance and operations experience acquired in the completion of over 200 transactions representing over 8,000 MW of capacity and $100 billion of value. This experience has been acquired in working closely with companies ranging from start-ups to Fortune 100 in the roles of developers, construction managers, bankers, consultants and CFOs. With this experience, the NorthRenew team is uniquely qualified to play multi-functional roles in order to deliver project development and project finance solutions on behalf of ourselves and our partners. All with the objective of realizing substantial growth potential, significant current income and reduced risk.

Recent Experience

By 2006 Chermac had established itself as a successful wind project developer qualified in the areas of land acquisition, interconnection, PPAs and project management, but lacked a financial partner capable of playing a critical role in monetizing their projects. Broad CFO capabilities were required to achieve the company’s long-term goals. Chermac engaged Mr. Klimchuk (and NorthWinds) for his domain knowledge and financial advisory expertise in which he has worked as an integral member of Chermac providing critical financial structuring capabilities, ongoing market insight, substantial financial modeling expertise, strong capital sourcing relationships within a large and diverse global marketplace and extensive project execution experience. As a result, NorthWinds has completed the sale over 3,100 MW of projects. Mr. Klimchuk took on a far more expansive role that has included such tasks commensurate with a full-fledged developer and CFO. These tasks included development of financing structures, identifying and negotiating project funding solutions that included tax equity, bank debt and sponsor equity, negotiating off-take agreements with such entities as Google, negotiation of turbine procurement and EPC contracts and the potential sale of the overall company as a corporate transaction.

Clean Energy Collective is a community solar developer based out of Boulder, CO with a strong focus on the MA market. Critical to their success is securing attractive early stage project sites which led to securing the services of Mr. Ginsberg. As a result, Mr. Ginsberg successfully developed, on CEC’s behalf, a portfolio of ground-mount, MW-class facilities under the Massachusetts Community Shared Solar program and originated projects and provided critical development support for site acquisition, facility design & engineering and permitting.

EOS Ventures is a Massachusetts-based solar and wind development company that was responsible for the development and construction of the first wind turbine on a ski resort, namely Jiminy Peak in Lanesboro, MA. With this experience, EOS went forth to develop its own portfolio of wind and solar projects in the Northeast U.S. Klimchuk and Ginsberg were engaged to assist the company in completing development and securing the overall funding for each project or the sale of the project to a larger developer/owner. While providing development, contract negotiation, financial advisory and structuring expertise Klimchuk and Ginsberg led the sale of EOS’s 2.2 MW Pownal, VT solar project, the 2.376MWdc Brodie Mountain solar project and the 1.25MWdc Adams solar project and secured funding for its 229 kW Wardlaw project located in New Jersey.

In 2015, Williams College implemented a far-reaching sustainability objective that included direct investment in regional, large-scale renewable energy projects in order to reduce their carbon footprint to zero. This objective also included a $50 million commitment over a 5-year period. Given their lack of ability to develop, own and operate such projects, they engaged Mr. Ginsberg and Mr. Klimchuk through their affiliation with EOS Ventures, to identify, assess, develop, construct and successfully operate renewable energy projects on their behalf. As a result, the Ginsberg/Klimchuk/EOS team has thus far completed a 2MW landfill-based solar project located in Williamstown, MA in which all cradle-to-grave development and operational tasks were executed, a third party operator has been engaged, the tax equity investor (US Bank) was secured and mechanical completion was achieved. The team is now focused on developing a 15MW wind/solar hybrid project that is expected to be completed by 2020.