Investment Bankers
for
Clean Energy
Capital Raise

Tax Equity Specialists
Development Capital
Sponsor & Tax Equity
Project Debt
Mezzanine Capital
M&A

Professional Process
Sell-Side
Buy-Side
10 MW+ Projects
Expansive Acquirer Network
Advisory

Structuring & Strategy
Outsourced Project Finance
Financial Analysis & Modeling
Corporate Energy Procurement
Strategic Consulting
Solar
- Our team has over 30 years of experience financing solar projects
- Our team helped build many industry-leading solar finance platforms
- Our team worked on many of the early financing structures in solar
Wind
- Our team has structured several large wind projects
- We have strong relationships with nearly all of the wind tax equity investors
- The costs of wind make it a compelling technology for corporate off-takers
Storage
- Low cost and efficient storage will accelerate the adoption of solar projects
- Our team has significant experience financing storage with renewable energy projects
- Leverage our experience to capitalize on this emerging technology
NextPower Capital is a San Francisco Bay Area based clean energy infrastructure investment bank focused on Capital Raises, M&A, and Advisory Services across North America. Leveraging our extensive network of capital providers, we specialize in structuring tax-equity and debt transactions across utility-scale, commercial, and residential projects that employ renewable energy and storage technologies. We conduct M&A sell-side and buy-side processes around renewable energy projects and portfolios, and we help developers and companies raise early to mid-stage capital. Our principals have extensive experience developing projects and raising capital for many of the leading U.S. solar investors and developers, allowing us to play a more "in-house" role than traditionally done by financial advisory firms. With a proven track-record of creating innovative financing structures, the NextPower Capital team also assists companies participating in leading-edge markets, including PACE, community solar, community-choice aggregation, corporate energy procurement, vehicle electrification, and energy storage.

David Goldman, CFA
Managing Partner
Mr. Goldman has worked in the solar finance industry since 2004 and has led and closed hundreds of solar transactions totaling over $2B, as well as successfully launching several entrepreneurial ventures. He co-founded NextPower Capital, where he now co-leads investment banking activities. Prior to founding NextPower Capital, Mr. Goldman was Managing Director of Financial Products for SunEdison’s Small Commercial business, following SunEdison's acquisition of InSource Energy, a commercial financing platform which he co-founded and led. Prior to co-founding InSource Energy, Mr. Goldman served as the Senior Vice President of Financial Products at Mosaic, where he led commercial origination and underwriting, and was instrumental in developing Mosaic’s dominant residential loan product.
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Before Mosaic, Mr. Goldman served as Vice President of Project Finance and General Manager of Solar Products for Solon Corporation, and as Director of Structured Finance for SunPower. Mr. Goldman holds a B.A. in Economics from the University of California, Berkeley, is a CFA charter holder, and holds Series 7, 63 and 79 securities licenses.
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Matthew Ulrich
Managing Director
Mr. Ulrich has over 12 years of renewable energy project finance and development experience and has led the closing of over 45 transactions totaling more than $1.25B. Most recently, Mr. Ulrich was a Director of Project Finance at Cypress Creek Renewables where he led capital raising and sales of utility scale solar assets in markets nationwide. In the six years prior to Cypress Creek Renewables, Mr. Ulrich led the closings of tax equity investments in a wide range of renewable energy assets for U.S Bancorp Community Development Corporation.
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He entered the renewable energy industry in 2009 at Perpetual Energy Systems where he developed and financed distributed generation solar assets.
Mr. Ulrich holds a B.S in Electrical Engineering from Northeastern University and holds Series 63 and 79 securities licenses.
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Press
March 7, 2023 GRP Holdco Monetizes $82.5 million of Production Tax Credits for 116 MW of Biomass Projects in Georgia
August 19, 2020 Duke Energy Renewables closes $109.4 million in a preferred tax equity funding from Goldman Sachs
February 18, 2020 CVE North America Closes the Construction Financing of its SMART Solar PV Portfolio with AVANA Capital