John Clapp Email & Phone Number

Charlotte, Nc, Us

Charlotte, Nc, Us

Boulder, Colorado, Us

CFO for a leading, high growth utility-scale renewable project developer/owner/operator with a portfolio of 1.2 GW of operating assets and a 19 GW development pipeline. Management responsibilities over Tax & Accounting, Corp Finance, Project Finance, and HR with a growing team of 30+ direct reports.Managed the $1+ Billion Scout sale to the Brookfield Energy Transition Fund. Process was a two-stage competitive auction with Bank of America & KeyBank Capital Markets as the joint lead financial advisors, Skadden as legal counsel and Deloitte for QoE and other accounting support. Oversaw the raising of over $700M in corporate credit facilities including development revolvers to support the cash and LC posting needs of Scout's development pipeline and an equipment supply facility to manage payments on long-lead solar and wind equipment to manage project supply chain and timing risk.Oversaw $800M of project level financings both closed and in the market for several wind, solar and storage projects between 2021-2023. This includes construction financing, tax equity flips, tax credit transfers, and term debt.Implemented 5-yr strategic planning and budgeting process at Scout with first 5-yr budget forming the basis for the Seller Model in the corporate sale process. Implemented internal performance metrics to track progress and growth as well as a competitor database to measure Scout against its industry peers.Project Finance/Capital Markets team is staffed up and capable of closing over $2 Billion in project financing to support construction of 2 GW late-stage project pipeline. Large bank group developed to support Scout's financing needs. HR group managing all corporate benefits as well as recruiting 40-50 new employees per year to facilitate the growth of the company.

Leading a high growth distributed generation company developing, constructing and operating solar and related distributed generation technology projects for commercial, industrial and institutional customers. Empower has acquired and/or constructed over 200 MWs of solar projects in the U.S.Closed a $300+ million, 4-year extension of Empower’s contract with JP Morgan Chase to expand the Company’s mandate to include on-site solar, energy storage, fuel cells, and EV charging as well as off-site solar at all their U.S. corporate and retail banking facilities.Negotiated and closed a corporate investment from Hannon Armstrong (HASI) for development and project capital. Transaction included $10 million corporate capital, a $5 million working capital facility and an open ended commitment to provide debt for Empower to utilize as project sponsor equity.Closed a $100+ million, 3-year contract with JP Morgan Chase to manage their entire U.S. corporate renewable development and project construction program. Empower is designing, developing and overseeing the construction and operation of nearly 40 MWs of on-site solar projects across 30 client sites throughout the United States. Empower's work is instrumental in the client achieving the corporate ESG goal to be 100% renewable for their own consumption by 2021.Successfully designed, structured and closed a $150 million off-balance sheet solar project fund to own the projects that Empower Energies develops. The fund partners include a large utility and a leading corporate tax equity investor. Closed November 2016 as the largest first fund in the solar C&I space. Completed the recapitalization of the Company in 2016, including the conversion of $26 million in debt to equity to right-size the balance sheet and closed a $4 million line of capital for growth.

Leader of investment banking clean tech, power and energy group. Raised capital through private placements, bank syndicated facilities and bilateral agreements for corporate, project and acquisition financing. Mandated lead on equity private placement for Energy Storage technology leader. Licenses: Series 7, Series 63, Series 79

Interim Executive (2014) for a renewable energy developer. Serving as a strategic business partner to the CEO. Working closely with Board of Directors, including Private Equity and VC investors . Oversee all corporate and project budgeting and forecasting, cash management, accounting and financial reporting, corporate financial policies and controls. Leading corporate and project finance strategy. Expert witness (2012-2013) on behalf of multi-national energy company in a dispute over a $10 million investment commitment to a private equity fund focused on the development and ownership of distributed solar assets. Fund alleged nearly $100 million in damages. As the lead expert witness, conducted a review and analysis of the solar fund’s private placement strategy, marketing materials, marketing plan and execution. Also analyzed the fund’s project financial models, project investment decisions and decision making, and project investment results as well as the overall management of the fund. Case settled in favor of my client shortly after my deposition and report were filed.Special Advisor (2012) to CEO of solar developer in NJ on industry best practice in structuring and financing portfolios of commercial solar projects. Developer changed its financing strategy based on input and successfully closed equity commitments on a $20 million commercial solar portfolio.

Us

CFO of Solar Trust of America (STA), a US solar developer with a renewable project pipeline of utility-scale solar projects in the Western US. Joint venture between two German companies - Solar Millennium AG and Ferrostaal AG.Played a key role in growing STA from a six person startup into a sixty person business capable of developing, financing, constructing and operating utility scale solar projects. Attracted top executives to the STA team and put in place best practice financial systems, policies and procedures. Created and led cross-functional project teams from development, finance, engineering, construction and legal to solve complex problems and issues.Partnered with CEO and COO to negotiate utility-scale renewable PPAs, EPC contracts, technology license agreements, strategic partnerships and supplier agreements.Co-managed daily operations of the company, including internal communications, delegating management responsibilities and tracking performance.Lead corporate and project financings, including. - $2.1 billion project financing commitments for solar project- $400 million unsecured mezzanine project financing commitment- $325 million in tax equity commitments from a consortium of leading tax equity investors

New York, New York, Us

Power industry expert within Citi working across all functional groups (Investment Banking, Corporate Banking, Project Finance, Tax Equity and Risk). Advised on over 30 power industry financings (acquisitions, project financings and corporate transactions) in North & South America, Asia and Europe. Transactions totaled over $70 billion in completed financings. Created Citigroup’s financial advisory practice leveraging loan guarantees for renewable projects. Developed innovative renewable energy finance advisory business within Citigroup; secured capital allocation, built internal team across product groups, led marketing effort among US and European clients. Grew renewable energy advisory mandates from zero to $10 billion in transaction volume in 12 months. Transactions include:- Shepherds Flat, $1.2 billion 845 MW on-shore wind development (Caithness/GE)- Mojave, $1.2 billion 250 MW concentrating solar plant (CSP) in California (Abengoa)- Taylorville, $2.5 billion 570 MW IGCC plant with carbon capture and sequestration (CCS) (Tenaska)- Eagle Rock, $2.0 billion nuclear fuel enrichment facility (Areva)Licenses: Series 7, 63, 24

New York, New York, Us

Responsible for internal valuation of hundreds of power projects and asset portfolios (conventional and renewable generation, T&D, retail marketing, etc.) to support Citi lending and investment initiatives.Transmission and Nuclear: partnered with relationship bankers across Citi’s global power franchise on electric transmission and nuclear financings and advisory assignments. Worked closely with clients on corporate and financial strategy for new ventures.Transactions include:- Mitsubishi/Luminant nuclear joint venture- ETT transmission $250 million 5 year Senior Unsecured Bank Facility (AEP/Mid-American)- TRAiL transmission $550 million 7 year Senior Secured Bank Facility (AYE/AEP)Frequent speaker at industry conferences on power project finance.

London, London, Gb

Senior member of industry leading practice providing strategic and economic advice and analysis to the global Power and Utility Industry.Team leader in year-long bankruptcy workout of PG&E’s National Energy Group. Led valuation of GenHoldings (MACH Gen) portfolio on behalf of lenders. Oversaw Independent engineer for construction and funding of projecst underconstruction. Provided strategic advice and analysis to lead lender and attended all lender meetings on restructuring strategy for assets.Valued several utility transmission systems for potential M&A by independent transmission company leveraging changes in FERC transmission rules and investment incentives.

London, London, Gb

Worked closely with Senior Partner on economic and financial analysis in the Power & Utility Practice.Served as senior advisor to the Midwest Independent System Operator (MISO) for 10 months on power market design and implementation assignment. Managed a team of MISO staff in the testing and verification of power market operating procedures, power bidding and scheduling algorithms, and settlment systems. Effort culminated in the successful launch of the MISO Day Ahead Market transacting over 80,000 MWs of generation daily.Performed analysis and supported expert witness testimony on behalf of MidAmerican in the Iowa regulatory approval process for the 580 MW GDMEC gas-fired power plant.Performed analysis and supported expert witness testimony on behalf of MidAmerican in the Iowa regulatory approval process for the 780 MW Council Bluffs coal-fired power plant.

Boutique manangement and economic consulting firm focused on global power and electric utility clients. Valued Mirant’s 18,000 MW portfolio (12,000 MW US/6,000 MW international) for spin off and IPO.Valued dozens of generation asset portfolios and electric transmission systems throughout North America on behalf of developers, utilities and lenders in support of construction loans, 144a bonds and other financings.PHB Hagler Bailly was bought by PA Consulting.

Worked on Wolrd Bank funded competitive power market design and implementation projects in Ukraine and Russia.Managed a staff of regional professionals in monitoring power industry performance conducting market analyses and identifying power market issues and mitigants.Advisor on Wolrd Bank funded oil and gas market regulation and reform projects in Russia and Kazakhstan.

Ma, International Relations (Energy Economics/Russian Studies)

Ba, Philosophy And Economics