Crayhill Renewables and Exelon Power Services Launch Generation Management and Developer Financial Services Platform
Crayhill Renewables, the Nashville-based renewables affiliate of Crayhill Capital Management, and Exelon Generation Company, LLC, doing business as Exelon Power Services, operator of more than 30 gigawatts of generation assets, announced a comprehensive lifecycle management program designed to support renewable energy projects by offering end-to-end financing and operational services.
The partnership provides the industry with a unique combination of renewable developer solutions that include pre-Notice to Proceed (“pre-NTP”) lending, transmission and development advisory, take-out equity from Crayhill Renewables, and post-Commercial Operations Date operating solutions from Exelon Power Services. Exelon Power Services combines the company’s operational expertise with its industry leading customer business to provide a complete spectrum of power plant management.
This package offers project developers a single integrated solution for both financing and generation management, simplifying the complex path between early-stage development and project operations. This in turn will help accelerate the energy transition by empowering developers through Crayhill Renewable’s flexible capital products and Exelon Power Services’ capabilities in plant operations, energy management and other areas of support.
“This innovative program is designed to provide our customers with a full range of services to enable them to quickly bring renewable projects to market,” said Glen Robinson, Vice President of Exelon Power Services. “Our combined ability to offer capital, marketing and operations expertise can de-risk projects through their entire life cycle.”
Erick Bauman, Managing Director of Crayhill Renewables, added, “We’re excited to partner with Exelon Power Services and bring to market these much-needed solutions for our project development partners. Crayhill and its principals have invested over $1 billion in pre-NTP assets. Now, our development partners can leverage the collective resources, knowledge and analytics of Crayhill and Exelon to scale their businesses rapidly to meet the growing demand for renewable energy across the United States.”
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