Tuesday Apr 30, 2024

Financing Energy Projects for CRE, Chad Blevins @ Repower Holdings

Chad Blevens from Repower Holdings discusses their unique approach to financing energy improvement projects in commercial real estate. Repower Holdings aims to provide capital for energy improvement projects that are part of larger real estate deals, offering an equity position in the overall asset. This approach aligns the interests of the energy improvement provider and the real estate investor, driving trust and collaboration. The strategy is applicable to various asset classes and regions, with a focus on high energy use intensity and regions with higher energy costs. Repower Holdings plans to start deploying capital in Q1 and expects to have a balanced portfolio across asset classes and regions.

Takeaways

  • Repower Holdings provides capital for energy improvement projects in commercial real estate, offering an equity position in the overall asset.
  • Their unique approach aligns the interests of the energy improvement provider and the real estate investor, driving trust and collaboration.
  • The strategy is applicable to various asset classes and regions, with a focus on high energy use intensity and regions with higher energy costs.
  • Repower Holdings plans to start deploying capital in Q1 and expects to have a balanced portfolio across asset classes and regions.

Chapters

00:00 Introduction and Overview

00:57 Repower Holdings' Concept and Objectives

03:23 Equity Position in Real Estate Deals

07:10 Repower Holdings' Differentiation

09:32 Partnership with Correlate Energy

10:29 Expanding Financing Options 11:57 Equity Financing vs. PPA Financing

13:23 Focus on Ground-Up Development and Value-Add Projects

16:00 Case Study: Energy Retrofit of a 1970s Vintage Apartment Complex

20:51 Importance of Energy Efficiency in Real Estate

22:16 Energy Efficiency Challenges and Low-Hanging Fruit

24:35 Alignment of Interests and Trust

26:32 Fundraising and Deployment Timeline

28:20 Target Market and Product Types

30:11 Balanced Portfolio Approach

34:04 Long-Term Viability of the Strategy 

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