GreenMax Capital Advisors Acquisition International M&A Awards Energy Corporate Finance Firm of the Year


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  Support Services

The extensive project development experience of the GreenMax team allows us to provide support to project sponsors and investors that extends well beyond project finance to encompass all technical and commercial activities including:

 Market analysis and Regulatory review
 Project identification, Pre-qualification and Detailed Due Diligence
 Feasibility Analyses, Economic Modeling and Conceptual Design
 Project Business Plans
 Emissions Trading and Renewable Energy Certificates
 Energy Off-take Agreements, Fuel Supply and Waste Disposal
 Feedstock Agreements
 Tariff Applications, Permitting and Environmental Review
 Equipment Procurement
 Transmission Interconnection
 Capital Cost Estimate and Construction Plan
 Operations and Maintenance Plan

Sample projects:

Home Energy Africa 100 MW Solar PV Project (Ghana).
Home Energy Africa (HEA) is a developer of renewable energy projects in West Africa. Its inaugural project is a 100 MW solar PV project under development in northwest Ghana. GreenMax has been retained as financial advisor and project development manager by HEA to support implementation of the solar PV project. In addition to managing the engagement of engineering and environmental consultants to perform the project's feasibility studies, GreenMax is currently managing the project preparation process to ensure that HEA’s project obtains a full set of bankable documents.

OSD Project Ltd. 20 MW Embedded CCGT Project (Nigeria).
OSD Projects Ltd. (OSD) is an independent power producer that proposes to develop a total of up to 80 MW of gas-fired power plants in Lagos, Nigeria. OSD retained GreenMax to secure debt financing for the first 20 MW stage of the project. The GreenMax advisory team secured a $714,000 grant from the US Trade and Development Agency that will fund a variety of project development tasks.

Solar Era Holdings Solar-Diesel Hybrid Project (Sierra Leone).
Solar Era Holdings (SEH), a subsidiary of Africa Growth & Energy Solutions (AGES) UK PLC, is developing various renewable energy projects (hydro, solar PV and waste to energy) in Sierra Leone, Cameroon, and Nigeria. In Sierra Leone, SEH is developing a 25 MW Solar-Diesel Hybrid project through a Public-Private-Partnership with the Government on a Build-Own-Operate-Transfer basis. GreenMax was retained by AGES as its financial advisor to raise capital for the implementation of the solar-diesel project in Sierra Leone as well as for the developer's projects in Nigeria and Cameroon.

Kabale Peat Power Ltd. (Uganda).
GreenMax supported the owner with a range of project development and financial advisory services to plan the implementation of a 30 MW peat fired power plant.

Metsa Tissue Biomass CHP (Poland).
For the project development company Heat & Power Associates Ltd. (jointly owned by GreenMax and the energy investment fund E&Co.) we prepared a preliminary feasibility study analyzing different technical solutions to utilize paper sludge and sewage wastes to produce heat and electricity at a tissue factory in Poland.

Conuben CHP Expansion (Spain).
GreenMax was retained by the owner to provide a variety of project development and financial advisory services to plan and implement the expansion of the existing gas fired cogeneration plant serving a chemical factory from 4.5 MW up to 24 MW.

Elana CHP Modernization Plan (Poland).
Working on behalf of a London based equity fund, GreenMax prepared the acquisition and modernization of an existing 440 MWth, 21 MWe CHP serving the Elana chemical factory in Torun. We developed all technical and commercial documentation to conclude the acquisition and implement a coal-combined cycle gas turbine plant.

  Grant Funding and Direct Investment

At GreenMax we understand that the most critical time for any energy and environmental project is during the development phase. This is the period of highest risk for which funding is always the most difficult to obtain. Using our strong relationships with donor agencies, GreenMax is often able to secure grant or contingent loan funding for early stage feasibility studies. In limited cases we will also invest our own sweat and small increments of cash equity to bring a project to its final preparation so that it is ready for commercial financing.

Sample projects:

Solar Era Holdings Solar-Diesel Hybrid Project (Sierra Leone).
Solar Era Holdings (SEH), a subsidiary of Africa Growth & Energy Solutions (AGES) UK PLC, is developing various renewable energy projects (hydro, solar PV and waste to energy) in Sierra Leone, Cameroon, and Nigeria. In Sierra Leone, SEH is developing a 25 MW Solar-Diesel Hybrid project through a Public-Private-Partnership with the Government on a Build-Own-Operate-Transfer basis. GreenMax was retained by AGES as its financial advisor to raise capital for the implementation of the solar-diesel project in Sierra Leone. To date, GreenMax has successfully secured an $855,000 grant from the US Trade and Development Agency and another $100,000 from the Access/FMO Solar Shark Tank competition. GreenMax is also raising concessional funding and arranging a debt financing facility to support SEH with their other on-grid and off-grid projects in Nigeria and Cameroon.

OSD Project Ltd. 20 MW Embedded CCGT Project (Nigeria).
OSD Projects Ltd. (OSD) is an independent power producer that proposes to develop a total of up to 80 MW of gas-fired power plants in Lagos, Nigeria. OSD retained GreenMax to secure debt financing for the first 20 MW stage of the project. The GreenMax advisory team secured a $714,000 grant from the US Trade and Development Agency that will fund a variety of project development tasks.

Olsuswa Energy Ltd. Geothermal Project Development (Kenya).
Olsuswa Energy Ltd., a geothermal energy project developer in Kenya, has secured the concession to exploit the geothermal energy resource at the Barrier Prospect in northern Kenya near the Lake Turkana region. Olsuswa Energy was established with investment support from Frontier Investments of Denmark. Frontier retained GreenMax to secure concessional funding from various sources to support project development, including a $1 million grant from the Geothermal Risk Mitigation Facility to conduct surface studies in the Barrier prospect, which is at early greenfield stage of development.

Maralal Energy Ltd. Geothermal Project Development (Kenya).
Maralal Energy Ltd., a Kenyan renewable energy project developer, is developing a geothermal project in the Baringo prospect area. Maralal retained GreenMax as its advisor to secure funding for resource exploration and other project development tasks. The GreenMax team successfully procured a $650,000 grant from the Geothermal Risk Mitigation Facility to support project development activities.

Arus Energy 140 MW Geothermal Project (Kenya).
Arus Energy is being awarded an 800-acre concession area in the Bogoria-Arus geothermal prospect in Kenya’s Rift Valley region. GreenMax was retained by Arus to secure concessional funding for surface exploration, manage the early stage project development activities, and seek a strategic partner for the drilling phase and implementation of the power plant. The GreenMax team successfully procured a $550,000 grant from the Geothermal Risk Mitigation Facility to support project development activities.

Kleen Energy Ltd. 25 MW Hybrid Solar-Wind Project (Kenya).
Kleen Energy Ltd. is a private Kenyan Independent Power Producer engaged in the development of a 25 MW hybrid solar/wind project located in Ngong, an area of Kenya that is known to have ideal conditions proven to yield high levels of wind resources. Kleen Energy engaged GreenMax to conduct a thorough preliminary site assessment and the resulting study provided an overview of the capacity and characteristics of the site recommending that it is viable for further development of the proposed hybrid project. GreenMax is now retained to secure concessional funding to complete project development activities, secure strategic investment partners and to oversee project development activities for the hybrid project. The GreenMax team successfully procured a EUR 300,000 grant from the Energy and Environmental Partnership.

Akiira Geothermal Ltd. Geothermal Energy Project (Kenya).
Akiira Geothermal, a company solely dedicated to the development of the geothermal project at Akiira, was first established by a Kenyan clean energy development company as a joint venture with the U.S. geothermal developer Ram Energy Inc. Located next to the Olkaria field, the Akiira Geothermal project will be implemented in two tranches of 70 MW each. Akiira is a landmark project in that it is the first greenfield geothermal project in Africa to be privately financed without government financial support in early stage exploration. GreenMax was retained to secure concessional funding for the development process of the project.
To date, GreenMax team members have secured a $1.2 M grant to support drilling from the Geothermal Risk Mitigation Facility (“GRMF”), grant funding of $950,000 from the U.S. OPIC Africa Clean Energy Facility to support final stages of project preparation including technical and legal work necessary to commence drilling and approval for another $1 million from USTDA to support the final feasibility study after test drilling.

Kengreen Solar PV Project (Kenya).
GreenMax secured a $427,000 grant from the US Overseas Private Investment Corporation (OPIC) Africa Clean Energy Facility (ACEF), one of the Power Africa programs sponsored by the US Government, for Kengreen Energy Ltd. (“Kengreen”), a Kenyan renewable energy project development firm, to support the final stages of project preparation for a 10MW solar PV project in Kenya.
The planned project will be constructed on a more than 40 acre plot secured by Kengreen at Corner Baridi, in the Ngong Hills area, less than 50km outside of Nairobi. Land rights have been secured on currently dormant land from the local Masai community, who will earn sorely needed revenues for local development once the solar farm goes into operation. The grant will pay for a highly qualified set of international and Kenyan consultants to perform the final resource analysis and solar PV system design for the 10MW project, the grid internconnection study to pinpoint how the new power plant will evacuate electricity to the national grid system, an environmental and social impact study up to both Kenya’s and World Bank Equator Principle standards, legal and regulatory due diligence, negotiation of the final Power Purchase Agreement with Kenya Power and the final Engineering and Procurement Contract and Operation & Maintenance Contract, necessary for Kengreen to build and operate the plant with international partners.

KTDA Small Hydro Funding Assistance (Kenya).
GreenMax assisted the Kenya Tea Development Agency to win funding from the US Trade and Development Agency for the design of a pilot sustainable energy plan focused on small and micro-hydro developments as self-supply power facilities and energy efficiency improvements at several tea factories and plantations throughout Kenya.

Sumy Refuse Derived Fuel Project (Ukraine).
GreenMax arranged a $350,000 grant to the developer from the United States Trade and Development Agency for completion of the project feasibility study for this solid waste separation and refuse derived fuel pellet production plant in this city of 200,000. GreenMax is also organizing offers for project debt financing.

SOMA Wind Project (Turkey).
GreenMax arranged a $275,000 grant to the developer from the United States Trade and Development Agency for completion of the project feasibility study. GreenMax also organized offers for ECA funding on a non recourse basis for this 90 Mwe wind farm.

KAEN Agro-Biomass Power Plant (Poland).
GreenMax invested its own sweat equity in the preparation of the commercial agreements for fuel supply, heat delivery and energy offtake and inthe project economic analysis and information memorandum.

Solar Energy (Uganda).
GreenMax arranged a $175,000 grant from the United States Africa Development Fund for business development at this PV solar installation company.




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