Bildmore’s cover photo
Bildmore

Bildmore

Investment Management

Houston, Texas 592 followers

Helping 3rd party sponsors of US renewables projects more efficiently tap into the tax-related incentives under the IRA.

Follow

About us

Bildmore is a startup led by CEO David Haug, backed by EnCap Energy Transition Fund (EETF), a leader in energy transition private equity investments. The EETF partners and David have a project development background and orientation. We set up Bildmore to help 3rd party sponsors of US renewables projects more efficiently tap into the tax-related incentives under the IRA. Using structuring techniques from tax equity, renewables finance and global power project finance, we provide an alternative for projects and sponsors who want or need traditional tax equity (TTE), but can't meet the narrow TTE criteria, and who are resigned to sell tax credits based on project cost as opposed to FMV. An ideal fit for our structure are ready-to-build utility-scale battery or solar ITC projects with some or a lot of uncontracted offtake/ merchant exposure. Or sponsors where the team members are experienced individually but don't have a strong track record together, or a deep balance sheet to cover long-term indemnities. Our structure includes features from TTE, and from preferred or structured equity investments, with all tax credits optimized and sold and buyers protected by comprehensive tax insurance. we are a good fit for developers who want to maximize third-party debt and equity capital to minimize sponsor equity in any single project. We are very flexible on how losses and other attributes are allocated. We are continuing to grow and looking for a small number of experienced team members attracted to a small fast-paced start-up culture, based in Houston, to help us invest in 10-15 projects annually 3-5000 MW of projects in the next 24-36 months. Bildmore and EnCap executives will be at InfoCast and available to talk more about Bildmore, as well as at upcoming spring 2024 conferences. We look forward to connecting with sponsors (and IBs, legal/ tax advisors and tax credit intermediaries) who would like to explore tax funding alternatives for themselves or their clients.

Website
https://bildmore.com
Industry
Investment Management
Company size
2-10 employees
Headquarters
Houston, Texas
Type
Privately Held
Founded
2023
Specialties
Financial Modeling, Renewable Energy, Risk Assessment, Renewable Energy Markets, Finance, Business Development, Tax Equity, and Project Finance

Locations

Employees at Bildmore

See all employees

Updates

  • Bildmore reposted this

    View organization page for Bildmore
    Bildmore

    592 followers

    Excited to support Cloudbreak Energy’s 106 MWdc community solar portfolio through a safe harbor financing solution, in collaboration with Crux. Cloudbreak Announcement: https://lnkd.in/gKt9Yj5z

    View organization page for Crux
    Crux

    16,419 followers

    Safe harbor financing is becoming an increasingly important tool available to clean energy developers. We're pleased to share that Crux facilitated a safe harbor financing facility between Cloudbreak Energy and Bildmore Clean Energy. The transaction enabled Cloudbreak to safe harbor 106 MWdc of distributed generation assets across Colorado and Maryland, securing investment tax credit eligibility and mitigating FEOC risk on the portfolio. Crux managed the deal from origination through execution, from sourcing and vetting lenders, identifying Bildmore as the right fit based on its investment strategy and ability to underwrite project-level collateral, and coordinating diligence and deal structuring across all parties. Read the full announcement: https://lnkd.in/gTmXCHxR

  • View organization page for Bildmore
    Bildmore

    592 followers

    Excited to support Cloudbreak Energy’s 106 MWdc community solar portfolio through a safe harbor financing solution, in collaboration with Crux. Cloudbreak Announcement: https://lnkd.in/gKt9Yj5z

    View organization page for Crux
    Crux

    16,419 followers

    Safe harbor financing is becoming an increasingly important tool available to clean energy developers. We're pleased to share that Crux facilitated a safe harbor financing facility between Cloudbreak Energy and Bildmore Clean Energy. The transaction enabled Cloudbreak to safe harbor 106 MWdc of distributed generation assets across Colorado and Maryland, securing investment tax credit eligibility and mitigating FEOC risk on the portfolio. Crux managed the deal from origination through execution, from sourcing and vetting lenders, identifying Bildmore as the right fit based on its investment strategy and ability to underwrite project-level collateral, and coordinating diligence and deal structuring across all parties. Read the full announcement: https://lnkd.in/gTmXCHxR

  • View organization page for Bildmore
    Bildmore

    592 followers

    "Bildmore is once again pleased to partner with the Peregrine team to provide preferred equity and underpin bridge financing on another high quality ERCOT BESS project. We appreciate the creativity and innovation of Hagen Lee, Reid Strand, and Peregrine's leadership, development and finance teams, and look forward to supporting them whenever we can.” — CEO, David Haug https://lnkd.in/gF9kcsat

  • View organization page for Bildmore
    Bildmore

    592 followers

    ���𝐢𝐥𝐝𝐦𝐨𝐫𝐞 𝐖𝐞𝐥𝐜𝐨𝐦𝐞𝐬 𝐉𝐚𝐧𝐞 𝐉𝐨𝐡𝐧𝐬𝐨𝐧 𝐚𝐬 𝐂𝐡𝐢𝐞𝐟 𝐨𝐟 𝐒𝐭𝐚𝐟𝐟 In this new role, Jane is an instrumental addition to Bildmore’s executive team. Operating at the intersection of strategy, people management, and operations, she will be responsible for supporting and advancing executive and organizational initiatives, driving execution and alignment, and scaling operational and team excellence across the organization.    Jane has a track record of delivering exceptional results in previous leadership positions. She joins Bildmore from Jefferies LLC, where she worked for over 8 years as a Managing Director and the COO of the Global Energy & Power Investment Banking group. With a total of 24 years in investment banking in New York and Houston, she began her career at Salomon (which later became Citigroup) and continued at Morgan Stanley and UBS, where she also held the role of COO.   Jane holds a BA from the University of Texas at Austin and an MBA from The Wharton School at the University of Pennsylvania, where she is a third-term member of the Wharton Graduate Executive Board. She also serves as Chair of the Board of Directors of ROCO.   The company looks forward to working closely with Jane going forward.

  • View organization page for Bildmore
    Bildmore

    592 followers

    According to 𝗗𝗮𝘃𝗶𝗱 𝗛𝗮𝘂𝗴, 𝗖𝗘𝗢 𝗼𝗳 𝗕𝗶𝗹𝗱𝗺𝗼𝗿𝗲 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆, in 𝘜𝘵𝘪𝘭𝘪𝘵𝘺 𝘋𝘪𝘷𝘦'𝘴 brief on tax credit transferability, Bildmore provides preferred equity to renewable energy and energy storage projects without requiring them to have long-term offtake or to have pre-sold the tax credits. "If they want to go all the way to commercial operations with no tax credit sale agreement in place, we will do that because we're betting that the tax credit market is strong, and we're also betting that the merchant power market is strong."   If you have a project where 𝗕𝗶𝗹𝗱𝗺𝗼𝗿𝗲'𝘀 preferred equity structure may add value, please contact us: 𝗕𝗠𝗥@𝗯𝗶𝗹𝗱𝗺𝗼𝗿𝗲.𝗰𝗼𝗺 https://lnkd.in/g-tRacBc

Similar pages

Browse jobs