Energy & Sustainability

TEI Renewable Energy

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"We responsibly steward our investor's capital while supporting decarbonization efforts and reducing our collective carbon footprint."

Our renewable energy and decarbonization investment deals offer compelling risk/reward profiles while simultaneously helping to make the planet cleaner and safer for generations to come.

TEI Renewable Energy is an affiliate of Time Equities, Inc. ("TEI"), a diversified investment, development, asset/property management, and alternative energy company that has been in business for more than 55 years.

In 2007, TEI established its Department of Sustainability in an effort to introduce energy efficiencies and reduce the overall carbon footprint of its real estate portfolio. Through energy and water efficiency upgrades, the installation of building control systems, solar PV installations, recycling programs, EV charging stations and more, TEI was able to lower its carbon footprint and decrease the operational expenses of its properties by 15 - 20% while gaining a wealth of knowledge and experience in the energy sector in the process.

Through the conceptualization, execution and ongoing oversight of these initiatives, TEI has gained broad knowledge and deep experience in various facets of the energy industry. This knowledge and experience facilitated the creation of a new entity - TEI Renewable Energy.

With widespread decarbonization and energy transition efforts becoming more prevalent around the globe, the renewable energy sector and related fields have benefitted from a groundswell of newfound investor appetite.

This is a uniquely fortuitous time for TEI to rapidly grow its investment activities within the realm of renewables and decarbonization. There is a vast opportunity to allocate capital to deals that will offer compelling risk/reward profiles while simultaneously helping to make the planet cleaner and safer for generations to come.


Typical Deal Capital Stack:

50%

Debt

30%

Tax Equity

20%

TEI Renewable Energy & Partners

"We responsibly steward our investor's capital while supporting decarbonization efforts and reducing our collective carbon footprint."

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Hubbard Wind Farm

  • Buyer of a 240 megawatt power purchase agreement (PPA)
  • Agreement to purchase 925,056 megawatt hours (MWh) of electricity annually
  • Each MWh generated will be purchased at a fixed price for the duration of a 15-year PPA term
  • MWh are then sold at floating market prices at ERCOT South hub
  • Each MWh also generates one renewable energy credit (REC) that can be sold or retained/retired to fulfill sustainability mandates
  • Wind farm will prevent 452,000 metric tons of CO2 from being emitted annually
  • Projected average returns of 27%
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BioTown BioGas

  • Partnership with Green Rock Energy Partners (GREP) and BioTown in Reynolds, Indiana
  • BioTown currently has anaerobic digesters on their farm that process food waste to generate electricity
  • Partnership will develop additional digesters to convert dairy cow manure into renewable natural gas (RNG) to be used as transportation fuel
  • As a result of RNG production, the project will earn two types of environmental attributes that will be sold
  • Projected average unlevered returns of 18%
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Oleo-X

An idled, multipurpose chemical plant developed in 1967 and expanded and modernized in the 1990s and 2000s. The site spans 57.5 acres and is located approximately 4,000 feet from the Port of Pascagoula. The plant has been decommissioned, the operating units cleaned and inspected, and determined to be in excellent working condition. The business plan is to reconfigure the existing equipment and infrastructure and convert it to a renewable diesel feedstock pretreatment facility.

Our dedicated team brings a wide range of knowledge and experience.

Elena Ashkinazy

Elena Ashkinazy

Director of Sustainability

Mark Dennes3

Mark Dennes

Director of Renewable Energy

Sam Kantor

Samuel Kantor

Senior Associate

Richard Recny

Richard Recny

Director of Asset Management