Innovative Renewable Energy Fund and Technology Platform Delivering Efficiencies and Modernization to a New Market
SAN FRANCISCO — Foss & Company, a national institutional investment management firm, has launched the Foss Renewable Energy Partners fund combined with TaxEquity.com, a technology platform intended to simplify and standardize the investment analyses and underwriting process. The new solution provides streamlined access to renewable energy tax credits for institutional investors and equity capital for renewable energy/solar developers.
Foss Renewable Energy Partners, LLC, will optimize the tax equity investment process for renewable energy developers by arranging financing for commercial and industrial solar projects through TaxEquity.com. Foss & Company will leverage the information provided by solar developers on TaxEquity.com and monetize the tax credits produced through the fund, allowing institutional corporate investors to reallocate funds otherwise intended to satisfy federal tax liability, earn new revenue through return on invested capital and gain quantifiable results for corporate sustainability goals.
“The goal of Foss Renewable Energy Partners, LLC, and TaxEquity.com is to create an opportunity for institutional investors and large corporations to gain access to more quality renewable energy projects. As the asset manager, Foss Renewable Energy Partners underwrites the projects and takes them through the closing process in an efficient manner,” said George Barry, President, Foss & Company. “Most organizations don’t have the deep industry expertise to target, vet and structure such investments. Our new fund and TaxEquity.com solves this problem by allowing more investor capital to flow to quality energy projects.”
“Currently, many renewable energy and solar developers are having a difficult time finding tax credit equity financing and many large corporations don’t understand the positive impact such investments can have on their tax liability, earnings and environmental sustainability,” said Stephen Tracy, a partner with Novogradac & Company LLP. “Through the creation of this renewable energy financing platform, Foss & Company is looking to provide an efficient source of equity capital for developers and ample investment opportunities for corporate investors.”
About Foss & Company
Foss & Company is a national institutional investment management firm founded in 1983. The company has deployed over $5 Billion in cash equity from institutional investors including national insurance companies and large corporations. Foss & Company provides its investors with a broad array of tax credit programs combined with the most efficient implementation available in the tax credit marketplace. To date the company has focused on traditional affordable housing credit and more narrowly focused historic and brownfield credit programs. The firm has now expanded its reach into the renewable energy market through Foss Renewable Energy Partners, LLC. For more information, visit FossandCo.com.
This release is available for informational purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle managed directly or indirectly by Foss and Company. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to an offering memorandum and related offering documents which will be provided to qualified prospective investors upon request. Prospective investors should review a Fund’s offering memorandum carefully, which includes important disclosures and risk factors associated with an investment in a Fund. In addition, prospective investors are encouraged to consult with their financial, tax, accounting or other advisors to determine whether an investment in a Fund is suitable for them.
