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RENEWABLE ENERGY INDUSTRY
In a rapidly moving industry, you need to be
a step ahead.
As a national leader in the renewable energy industry, CohnReznick delivers forward thinking solutions and technical expertise.
In a rapidly moving industry, you need to be
a step ahead.
As a national leader in the renewable energy industry, CohnReznick delivers forward thinking solutions and technical expertise.
RENEWABLE ENERGY INDUSTRY
OverviewToday’s renewable energy industry is a complex and evolving landscape of change, growth, and opportunity. Companies active in this sector face a range of fi nancial, tax, and audit issues that can be best addressed by an audit and advisory fi rm with dedicated expertise in renewables.
As a top national accounting, tax, and advisory fi rm, CohnReznick’s Renewable Energy Practice is comprised of a national team of highly experienced professionals with extensive industry credentials. Our knowledge of the rapidly changing and nuanced industry landscape allows CohnReznick to proactively address our clients’ issues and needs.
Clients We ServeCohnReznick provides solutions to clients across all major segments of the industry, including:
• Renewable Energy Companies, Funds, and Projects• Project Developers• Engineering, Procurement, and Construction Companies (EPCs)
• Private Equity Investors• Tax Equity Investors
• Independent Power Producers• Investor Owned Utilities• Diversifi ed Utilities
At the national level, we provide local, state, and federal energy tax credit services for our clients and coordinate renewable energy advisory services. Working with CohnReznick Capital Markets Securities, our boutique investment bank affi liate, we help our clients create fi nancial structures that complement power purchase agreements, tax equity fi nance, debt, and other fi nancial incentives while considering counterparty risks.
Industry InvolvementOur renewable energy professionals are deeply connectedin the industry, providing ongoing thought leadership andparticipating in national and regional associations, events, andindustry groups. We are actively involved with many renewableenergy associations including:
• American Council on Renewable Energy• Solar Energy Industries Association• American Wind Energy Association• Distributed Wind Energy Association• Edison Electric Institute• Solar Electric Power Association
Highlighted ServicesTax and GAAP Modeling: Advise on the Tax and GAAP fi nancial impacts at both the sponsor and project level associated with various tax equity structures, such as partnership fl ips, inverted leases, sale-lease back transactions and other innovative structures.
Accounting Consulting: Consult with clients on accounting treatment of complex commodity contracts, aligning accounting policies as part of an acquisition, impact of new or proposed accounting standards, and contemplated deal structures, including modeling the impact of HLBV at the project, sponsor, and investor levels.
Valuation and Accounting: Provide valuations of renewable energy portfolios purchased and sold and assisted with the purchase price allocations under both GAAP and Tax. Our accounting advisory team can assist the buyer with the accounting nuances associated with the purchase price allocation.
Capital Markets Value Add: The CohnReznick Capital Markets team can provide comprehensive transaction advisory services and capital raising services including a full-service M&A advisory, structuring and due diligence platform.
Cost Certifi cation and Segregation Study: Work with clients to determine eligible basis for investment tax credits under various deal structures as well as specifi c tax depreciation categories for capitalized items.
State Tax Credit Model: Advise and perform analysis for clients on the inclusion of state tax credits in their tax models under complex deal structures in multiple states, notably North Carolina.
Learn MoreFor more information on how your company can benefi t from our services, please visit our website at: www.cohnreznick.com/renewableenergy
Our ServicesCohnReznick’s strength in the renewable energy industry is driven by our ability to deliver integrated services at every point across the renewable energy business spectrum.
ADVISORY TA
X
ACCOUNTING
Assurance and Attestation
TechnicalAccountingConsulting
Tax Advisoryand Structuring
Other TaxServices
IPOReadiness
YieldCo
Valuation
Trans
actio
nal
Cap
ital
Mar
kets
*
Financial statement audits of renewable energy companies, funds, and projects
Carve out financial statement audits
Reviews, examinations, and compilations
Agreed-upon procedures
Cost certificates
IPO readiness
Capital markets
Tax advisory and structuring
Technical accounting consulting
Valuation advisory
Renewable energy plant valuations
GAAPS/IFRS purchase price allocations and tax purchase price allocation
Fairness and reasonableness opinions
Machinery and equipment appraisals
Assess the current operating model
Prepare a gap analysis
Perform remediation efforts
Launch IPO
Post close assessment of current operations and optimize
IPO Readiness YieldCoValuation
Assurance and Attestation
Strategy determination and assessment
Transaction readiness assessment
Due diligence
Post close integration
Transaction advisory
Capital fundraising
Project feasibility
Sponsor equity
Tax equity
M&A advisory
Capital Markets Transactional
Transfer pricing studies
Accounting for income taxes
Tax compliance
Sales and use tax analysis
Nexus studies
IRC section 382 NOL studies
Cost segregation studies
State and local taxes
Corporate tax planning
Modeling of the tax impact to both the project and sponsor levels
Deferred tax analysis
Tax equity advisory and modeling, M&A planning, and due diligence
Tax Advisory and Structuring Other Tax Services
Assess and document the accounting conclusions of commodity contracts
Assess accounting considerations of contemplated deal structures
Modeling of GAAP financial statements of both project and sponsor levels
Analysis of pre-tax and post-tax return profiles
Modeling of HLBV
Accounting for tax credits
GAAP to IFRS conversions
Technical Accounting Consulting
ACCOUNTING
TAX
ADVISORY
CohnReznick is an independent member of Nexia International
About CohnReznickCohnReznick LLP is one of the top accounting, tax, and advisory fi rms in the United States, combining the resources and technical expertise of a national fi rm with the hands-on, entrepreneurial approach that today’s dynamic business environment demands. Headquartered in New York, NY, and with offi ces nationwide, CohnReznick serves a large number of diverse industries and offers specialized services for middle market and Fortune 1000 companies, private equity and fi nancial services fi rms, government contractors, government agencies, andnot-for-profi t organizations. The Firm, with origins dating back to 1919, has more than 2,700 employees including nearly 300 partners and is a member of Nexia International, a global network of independent accountancy, tax, and business advisors. For more information, visit www.cohnreznick.com.
CohnReznick LLP © 2015This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specifi c professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
For more information visit: cohnreznick.com