CapeZero and Accufy form Partnership to Revolutionize Clean Energy Finance

February 27, 2024
Author:
Manish Hebbar

CapeZero is excited to announce a groundbreaking joint development agreement with Accufy Analytics, a pioneer in tax equity pricing software. This partnership introduces a cutting-edge solution, "Strawman," designed to redefine tax equity modeling and tax credit transferability in the renewable energy sector.

Almost every renewable energy project stands to gain significantly from financing through tax credit investments, such as tax equity partnerships, sale leasebacks, tax credit transfers, direct pay, or hybrid structures. These financing mechanisms are essential for developing profitable projects that leverage the tax incentives provided under the Inflation Reduction Act. However, navigating the complexities of these financing options has historically been a challenging task, reserved for those proficient in advanced spreadsheet modeling. Recognizing the limitations inherent in current spreadsheet use for renewable energy finance, CapeZero and Accufy provide a solution that is efficient, flexible, and reliable.

With Strawman, users can use a desktop or tablet browser to:

  • Model wind, solar, or storage projects to evaluate their deal economics, including cash flow, tax implications, and accounting outcomes.
  • Generate, execute, and save various sizing, scenario, and sensitivity analyses.
  • Explore a range of tax credit investment structures, including tax equity, cash equity, transferability, direct pay, and hybrids.
  • Monitor modifications to models by team members, ensuring a cohesive and transparent workflow.
  • Manage privacy settings and selectively share pertinent data with involved stakeholders.

This partnership represents a significant advancement for the clean energy finance market, combining CapeZero's deep capital markets advisory expertise and innovative modeling capabilities with Accufy's decades-long expertise in tax equity pricing. The market for tax credit investments in 2023 was estimated at $24-25B(1) and could potentially reach $45-90B annually by 2032. Together, CapeZero and Accufy are committed to delivering more joint solutions in the coming year, further simplifying and accelerating the process of financing clean energy projects.

Developers looking to streamline their deal modeling & structuring processes are encouraged to join the CapeZero platform, which offers both packaged and customized software solutions tailored to the unique needs of clean energy project finance. To discover how this partnership can benefit your projects, schedule a demo with CapeZero today.


About CapeZero:

CapeZero, Inc. ("CapeZero") is a software-as-a-service company that specializes in providing innovative financial technology solutions for investment, financing, and sale of clean energy projects. CapeZero's solution equips developers, investors, and advisors with a powerful platform to effectively manage structured tax credit investments, enabling them to make informed, profit-optimizing decisions for a sustainable energy future. To learn more, visit capezero.com and connect with us on LinkedIn.


About Accufy:

Accufy Analytics, LLC ("Accufy"), with over fifty years of excellence in tax equity pricing software, has supported corporations and banks worldwide in structuring their most complex transactions. Accufy's software is utilized by Fortune 500 companies, investment banks, and commercial banks across the renewable and equipment industries, including sectors such as rail and aircraft. Accufy leverages its team's extensive expertise in finance, taxation, accounting, mathematics, and computing to provide unparalleled support to its clients. To learn more, visit accufyanalytics.com.

Contact Information:

For more information on this partnership, please contact Manish Hebbar at CapeZero or Erik Hellman at Accufy.

Source:

(1) Cost of Capital: 2024 Outlook | Norton Rose Fulbright

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CapeZero and Accufy form Partnership to Revolutionize Clean Energy Finance

This partnership introduces a cutting-edge solution, "Strawman," designed to redefine tax equity modeling and tax credit transferability in the renewable energy sector.

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