Tax Equity Specialists
Sponsor & Tax Equity
10 MW+ Projects
Expansive Acquirer Network
Structuring & Strategy
Outsourced Project Finance
Financial Analysis & Modeling
Corporate Energy Procurement
- Our team has over 30 years of experience financing solar projects
- Our team helped build many industry-leading solar finance platforms
- Our team has over 50 years of experience financing solar projects
- 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
- 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.
Mr. Cook has more than twenty years of experience in renewable energy finance, during which he has built and led renewable energy finance platforms. He cofounded NextPower Capital, where he now co-leads investment banking activities. Prior to founding NextPower Capital, Mr. Cook was a Vice President in the Structured Finance & Global Markets groups at SolarCity (now Tesla Energy), where he was instrumental in creating its Structured Financing group which raised capital for over $9 billion of its projects. Earlier in his career, Mr. Cook led the finance group at Recurrent Energy, a leading solar developer, and a Director of Structured Finance at SunPower.
Mr. Cook developed infrastructure for Bechtel's project finance and development group. He began his career co-founding and running SELCO, a distributed solar project developer, financier, and operator focused on emerging markets. Mr. Cook holds an MBA from the Stanford Graduate School of Business, and graduated with honors in economics and physics from the University of Virginia. Mr. Cook holds Series 7, 63, and 79 securities licenses.
David Goldman, CFA
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.
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.
Connie Chern, CPA
Sr. Director & Partner
Ms. Chern has 15 years of experience with tax-advantaged investments and has structured financing for over $2.5 billion of renewable energy assets. At NextPower Capital, she leads and supports capital raising transactions and advisory engagements. Prior to joining NextPower Capital, Ms. Chern was a Director in Tesla Energy's Financial Products and its Structured Finance groups, where she was responsible for developing financial products and managing platform operations. She played a leading role in structuring and raising over $1 billion of tax-equity and debt for distributed solar and battery storage installations.
Before SolarCity, Ms. Chern was with Novogradac & Company LLP, where she developed the firm's presence in New York and provided audit, tax, and advisory services for over $1.5 billion in real-estate and renewable energy tax credit investments. She is licensed as a certified public accountant in California and holds a B.A. in Legal Studies and a minor in business administration from the University of California, Berkeley. She holds Series 63 and 79 securities licenses.
Investment Banking Associate
Mr. Hirschmann is an Investment Banking Associate at NextPower Capital, where he provides financial modeling and analytical support on transactions and advisory assignments. Prior to joining NextPower Capital, Mr. Hirschmann was a Senior Financial Analyst at Sempra Renewables, where he led the financial analysis of a 200 MW solar project acquisition and modeled one of the largest single tax equity transactions, for a portfolio of utility-scale solar projects. Before joining Sempra, Mr. Hirschmann was an Analyst in the Power & Project Finance group at CIT Bank (formerly OneWest Bank) where he analyzed, structured and underwrote debt financing transactions for power generation assets. Mr. Hirschmann holds a B.A. in Economics and Chinese Language Citation from Harvard University.