Once again, CCA Group stood out among the financial advisory firms that specialize in tax equity transactions for its commercial acumen, attention to detail and superb client service, according to market participants surveyed by PFR.
“CCA is the best,” said one market participant, while another called it “the leading boutique for tax equity.” A third even went so far as to say, “I still think they’re the strongest in the market and I don’t think anyone is even close frankly.”
In 2020, some of the firm’s most notable mandates included a tax equity raise for a 770 MW portfolio of development-stage solar projects in California and Texas that SB Energy acquired from Intersect Power, and a tax equity and debt raise for Taaleri Energia’s 336 MW Escalade wind farm in Texas. The firm was also selected to source tax equity for Enel Green Power North America’s first US solar-plus-storage project – the 146 MW Lily facility in Texas which has a 50 MW/75 MWh battery unit.
On the CCA team, Martin Pasqualini and Megan Lawrence were both highly praised by deal watchers, as were Mike Quinlan and James Stahle. “I personally am fond of CCA,” said a satisfied client. “It might just be my perspective as a lawyer, but they get much more involved in the negotiating of terms,” added a project finance attorney.
“They do a lot more work for the big players like Duke or Southern Company and they’re a go-to for a lot of utilities when the utilities put tax equity in their projects,” noted a senior project finance official at a well-known US renewables developer. “They understand the utility perspective.”
To view the list of winning deals and firms for 2020, click here.
