Piedmont Green Power

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Press release

Situational Analysis

Piedmont Green Power, a 53.5 MW greenfield wood-fired power facility, is the first project developed by Rollcast Energy.

One of the largest non-recourse project financings of a biomass-to-power project in the U.S. and the first one to use the Treasury cash grant.

Atlantic Power Corporation invested $75 million of equity to support the project construction.

Two banks co-led on $82 million senior term loan and a $51 million loan to bridge about 95% of the cash grant to be received from the U.S. Treasury.

Fieldstone Role

In a prior assignment, completed the placement of Series B convertible preferred stock to fund the development of Rollcast Energy’s portfolio.

Acted as exclusive financial advisor and placement agent to Rollcast Energy in connection with equity funding for its first project.

In structuring project equity, relied on in-depth knowledge of renewable project financings in the U.S. and considered partnership flips, cash grant bridging, and timing of tax equity investment.