Modeling the Recapitalization of Renewable Generation Portfolio

See more projects
Work Remotely
Starts on 3/29/19
Payment Rate
$125 /hour
Est. Duration
7 days
Est. Intensity
10 hr/week

About The Work

Finance & Accounting
Financial Modeling
Need experienced financial modeler to model KKR infrastructure group's purchase of 11 renewable energy projects from NextEra. The projects will be combined into a portfolio where existing project debt will be recapitalized.

Transaction Details
- KKR investment will be in the form of an equity interest in a newly-formed structured partnership with NEP.
- NEP has certain rights to re-acquire KKR interest over time at pre-determined return levels between 3.5 and 7.0 years after formation of partnership.
- KKR share of partnership cash flows increases to 99% in the event that NEP call options are not exercised within certain milestones.
- KKR’s $900 million investment will be funded via a mix of new term loan financing and equity

Recapitalization Benefits
1. Bridges potential CAFD impact of the PG&E bankruptcy
2. NPV and credit accretive
3. Cash savings reduce future asset and financing needs
4. Assets remain de-risked, allowing for potential re-levering in the future




5-10 years professional experience
Ideal Candidate
A good background in project finance is helpful but not critical, as is experience with recapitalizations.
We use cookies for an optimal website experience. By using the site, you consent to our use of cookies as stated in our Privacy Policy. Accept