CRC-IB | Investment Banking for the Sustainability Sector

Investment Banking Services Committed to the Sustainability Sector

We provide industry-leading financial services across the full renewable energy spectrum.

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Solar

Wind

Storage

Carbon Capture & Energy Transition

Solar

Wind

Storage

Carbon Capture & Energy Transition

Building long-term partnerships by facilitating investment outcomes that directly impact our planet.

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M&A

Corporate M&A

Asset M&A

M&A

From identifying the right opportunities to fully executing transactions, our specialist team has a directly relevant track record of optimizing M&A outcomes for clients.

Project Finance

Tax Capital

Debt

Project Finance

We leverage our deep capital markets expertise and network to tailor structuring solutions that optimize sponsor and investor returns in tax capital, credit transfers, and debt transactions.

Capital Raising

We raise streamlined capital through an extensive ecosystem of investors who are equally committed to the energy transition.

Our Impact

#1

Renewable Energy
Financial Advisor

#1 in North America by Deal Count from 2019–2024, Inframation League Tables.

340

Deals Executed

Our Transactions

$67bn

Total Transaction
Value

Our Services

75%

Deals with Repeat
Clients

121

Total GWs

Our Sectors

168mm

Tons CO₂ Offset

Our Impact

Recent Transactions

All Transactions

Sep 2024

Tax Equity Financing for 232MWDC Solar Project

Our Role Exclusive Financial Advisor

Aug 2024

Acquisition of a 151MW Solar Portfolio

Our Role Buy-Side Advisor

Aug 2024

Tax+Equity+Financing+for+CCS+Project+Capturing+200%2C000t+%2F+yr+of+CO%3Csub%3E2%3C%2Fsub%3E

Tax Equity Financing for CCS Project Capturing 200,000t / yr of CO₂

Our Role Exclusive Financial Advisor

Jul 2024

Sale+of+C%26I+%26+Community+Solar+Development+Platform

Sale of C&I & Community Solar Development Platform

Our Role Sell-Side Advisor

Jun 2024

ITC+Transfer+for+125MW+%2F+500MWh+Battery+Storage+Project

ITC Transfer for 125MW / 500MWh Battery Storage Project

Our Role Financial Advisor to Sponsor

May 2024

Private+Debt+Placement+for+882MW+Solar%2C+Wind+%26+Storage+Portfolio

Private Debt Placement for 882MW Solar, Wind & Storage Portfolio

Our Role Financial Advisor to Sponsor

May 2024

Pref Equity Investment for 425MWDC Solar Project

Our Role Exclusive Financial Advisor

Apr 2024

ITC Transfer for 300MWDC Solar Project

Our Role Financial Advisor to Sponsor

Mar 2024

Hybrid Tax Equity Financing for 127MWDC Solar Project

Our Role Financial Advisor to Sponsor

Mar 2024

Tax Equity Financing for 120MW Solar Portfolio

Our Role Financial Advisor to Sponsor

Mar 2024

Hybrid ITC Transfer for 157MW Resi Solar + Storage Portfolio

Our Role Exclusive Financial Advisor

Mar 2024

ITC+Transfer+for+Dairy+Farm+Biogas+Portfolio+with+708%2C500MMBtu+%2F+yr+of+RNG

ITC Transfer for Dairy Farm Biogas Portfolio with 708,500MMBtu / yr of RNG

Our Role Exclusive Financial Advisor

CRC-IB Leadership

Nick Knapp

Partner & Senior Managing Director

18+ years

80+ sustainable energy project finance and M&A transactions on both buy-side and sell-side

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Education

B.S., Hartwick College

Professional Certification

CPA

Nick Knapp

Partner & Senior Managing Director

Nick is a Partner and Senior Managing Director at CRC-IB. He has 18 years of experience in M&A and structured finance advisory with leading renewable energy companies and investors. Nick has served as financial advisor on more than 80 structured equity transactions, with projects ranging in size from 5MW to 500MW. He has a core focus on wind, solar and carbon capture & storage projects and platforms, with transaction experience covering the entire industry spectrum of residential solar, C&I distributed generation and utility scale projects.

Nick’s recent transaction experience includes buy-side advisory for multiple pension funds and institutional investors covering the acquisitions of COD and operating wind and solar portfolios ranging from 500MW to 2GW per transaction. He has also advised on numerous PTC/ITC qualification transactions, allowing for the effective transfer of qualified equipment to new partnerships, and structured hold co tax equity partnerships, resulting in unitranche tax-efficient investment product offerings to solar project sponsors.

Prior to joining CRC-IB, Nick was a Transaction Advisor in the Structured Finance Group at GE Energy Financial Services, focusing primarily on renewable energy investments in the U.S., Europe, Canada and Japan. Before that, he worked in the Transaction Services Advisory practice at KPMG’s New York office providing accounting, tax and financial modeling services to renewable energy clients.

Nick has a Bachelor of Science in Accounting and Finance from Hartwick College and is a member of the American Institute of Certified Public Accountants.

Conor McKenna

Partner & Senior Managing Director

15+ years

150+ sustainable energy project finance, asset sale, and M&A transactions

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Education

B.A., Providence College
MBA, Columbia Business School

Professional Certification

CFA

Conor McKenna

Partner & Senior Managing Director

Conor McKenna is a Partner and Senior Managing Director at CRC-IB. He has advised on over 150 sustainable energy transactions across utility scale, distributed generation, and residential assets during his decade plus career. Conor provides strategic and transaction advisory services including platform and project M&A, corporate capital raising, and structuring, negotiating and financing tax equity and debt investments. Conor’s renewable energy expertise has been honed working with the leading strategic, infrastructure and financial institutions. He has a strong relationship network and is adept at creating unique financing structures for energy companies, developers, power producers, and private equity/infrastructure funds.

Conor was the firm’s first dedicated renewable energy banker. Prior to joining CRC-IB, Conor worked in the Renewable Energy Structured Finance Group at Evolution Markets, focusing primarily on Renewable Energy Credits and Bundled PPA’s. He was previously a member of EcoSecurities’ investment team, where he helped manage large carbon project portfolios.

Conor received his MBA from Columbia Business School and his BA from Providence College. He is also a CFA charterholder.

Gary Durden

Partner & Managing Director

18+ years

10+GW of sustainable energy projects across 70+ solar, onshore wind, and offshore wind transactions

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Education

B.S., University of Florida
MBA, Villanova University

Professional Certification

CFA

Gary Durden

Partner & Managing Director

Gary is a Partner and Managing Director with CRC-IB. He provides transaction management and advisory services for clients in the sustainable energy sector, including corporate M&A, capital raises, and structured finance solutions for wind and solar projects. Gary has closed equity investments in over 10GW of utility-scale and C&I wind and solar projects, including tax equity, cash equity, and sale lease-back transactions.

Gary was previously a Senior Vice President at GE Energy Financial Services, where he led deal teams in the structuring, diligence, and negotiation of investments in renewable energy projects in the US and Canada. Prior to GE EFS, Gary worked at Standard & Poor’s, developing models used by commercial banks for assessing the credit risk of C&I companies.

Earlier in his career, Gary served as an officer in the United States Navy, supervising the operation of nuclear reactor plants on aircraft carriers and teaching college-level classes to university students enrolled in the Naval Reserve Officer Training Corps.

Gary is a CFA charter holder and earned an MBA from Villanova University and a B.S. in Mechanical Engineering with Highest Honors from the University of Florida.

Britta Von Oesen

Partner & Managing Director

15+ years

$15bn+ of sustainable energy project finance, asset sale, and corporate M&A transactions

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Education

B.A., Colgate University
MBA, Cornell University

Britta Von Oesen

Partner & Managing Director

Britta is a Partner and Managing Director with CRC-IB. She has 15+ years of experience in investment banking, mergers and acquisitions, corporate strategy, and project finance and development in the wind, solar, storage, and broader sustainability sectors.

Britta primarily focuses on transaction management, including corporate M&A, project finance, and tax equity structuring and negotiation with over $15B raised for sustainable energy to date. She has led numerous renewable energy financings, mergers, and acquisitions for utility-scale and distributed generation wind, solar, and storage companies and assets, both in the U.S. and globally.

Before joining CRC-IB, Britta was Head of Corporate Strategy and Development for Gestamp Solar, where she led M&A transactions and project financings for U.S. solar projects. Prior to Gestamp Solar, Britta was a Group Manager for Windkraft Nord AG, a German wind and solar developer, managing the Italian operations for the development of a 1GW+ portfolio of wind and solar assets throughout Italy. Before moving to Italy, Britta worked with Lehman Brothers’ Global Power Group.

As one of few senior women in renewable energy finance, Britta has received multiple industry awards, including the 2020 U.S. C3E Finance Award issued by the U.S. Department of Energy; 2020 ‘Most Influential Women in Business’ by the San Francisco Business Times; and Renewable Energy World’s ‘Solar 40 Under 40’ in 2018.

Britta received an MBA with honors in Finance from Cornell University’s Johnson Business School in 2009 and a B.A. in Environmental Biology from Colgate University in 2003.

Britta serves as Co-Chair of the Solar Energy Industries Association’s (SEIA) Women’s Empowerment Sub-Committee.

Nicolas Chery

Managing Director

10+ Years

$7bn+ raised for clean energy assets, including sale of $1bn+ in tax credits

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Education

M.C.E./M.S., European Engineering School of Chemistry, Polymers, and Materials Science
Masters in Strategy and Management of International Business from ESSEC Business School

Nicolas Chery

Managing Director

Nico is a Managing Director with CRC-IB with over 10 years of experience in advisory and transaction management across utility scale, distributed generation, and residential energy assets. Specializing in tax credit, project finance, and structured finance for the sustainable energy sector, Nico has successfully raised over $7 billion to date.

Prior to CRC-IB, Nico served as Executive Director in J.P. Morgan’s Energy Investments division, where he structured tax equity investments in 17 wind projects, 26 solar projects, and over 37,000 residential solar systems totaling 3,334 MW of capacity. He also led J.P. Morgan’s first investment in utility-scale energy storage. Nico began his career in syndicated and leveraged finance at Credit Agricole CIB.

Nico is a CFA charter holder and holds Master’s in Chemical Engineering and Materials Science from the European Engineering School of Chemistry, Polymers, and Materials Science in Strasbourg, France, as well as a Master’s in Strategy and Management of International Business from ESSEC Business School in Paris, France.

Andy Nguyen

Managing Director

10+ years

$10bn+ of equity, debt, and tax equity raised across 10GW+ of sustainable energy projects

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Education

B.A., University of Texas at Austin

Andy Nguyen

Managing Director

Andy is a Managing Director with CRC-IB. He provides transaction management and advisory services for clients in the Sustainable Energy sector including corporate and asset M&A, as well as tax equity and debt financing solutions to renewable energy projects with over $1B in project financing and $1.6B in enterprise value for corporate financing raised to date.

Andy was previously an Associate at Vert Investment Group where he was a key team member of a renewable energy merchant bank advising and investing in renewable energy projects with a focus on solar and wind.

Andy received a Bachelor of Arts in Government from the University of Texas at Austin.

Michael Tatarsky

Managing Director

10+ years

$3bn+ raised across 10GW+ of projects including wind, solar, and battery storage

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Education

B.A., Brandeis University

Professional Certification

CFA

Michael Tatarsky

Managing Director

Michael is a Managing Director with CRC-IB. He provides advisory and transaction management services, including corporate and asset M&A, capital raising, tax equity, and debt, for wind, solar, battery storage, and energy efficiency platforms and projects. Michael has executed over $3 billion of equity, debt, and preferred equity transactions across 10GW+ of renewable energy projects.

Michael has dedicated his entire 10-year career to renewables. He joined CRC-IB as a Senior Associate in 2015. Before joining the firm, Michael was an Associate with Banco Santander’s Asset & Capital Structuring team, where he originated, structured, and executed renewable energy investments for clients. Michael started his career at Deutsche Bank as a Project Finance Analyst focused on energy and infrastructure.

Michael graduated from Brandeis University with a double major in Economics and Business and is a CFA charterholder.

Michael Yurkerwich

Managing Director

10+ years

20+ sustainable energy project finance and M&A transactions including 45Q

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Education

B.S, Massachusetts Institute of Technology

Professional Certification

CFA

Michael Yurkerwich

Managing Director

Michael is a Managing Director with CRC-IB. Since joining the firm in 2013, Michael has advised on over $1 billion in buy and sell-side transactions and $500 million in structured equity financing, totaling more than 3GW of renewable energy assets.

Michael provides advisory services including process management, due diligence, structuring and deal negotiation in the renewable energy sector. He specializes in structuring acquisitions, strategic partnerships and tax equity investments across utility scale and distributed generation assets. In 2014, Michael led structuring activities related to the acquisition of 125MW of solar assets and the tax equity financing of a 300MW wind project. He has provided financial advisory services to numerous clients ranging from private equity firms and investment banks to IPPs and renewable energy developers.

Prior to CRC-IB, Michael worked for a boutique private equity firm analyzing energy investment opportunities in the oil and gas sector, while managing and enhancing the efficiency of existing portfolio investments. Michael also worked for a venture capital funded battery technology company with applications in the medical device industry.

Michael is a CFA charter holder and received a Bachelor of Science in Management Science with a concentration in Finance and a Bachelor of Science in Material Science and Engineering from the Massachusetts Institute of Technology.

Trusted Leadership Team with Deep Transactional Proficiency.

Meet Our Full Team

Our Insights

Nov 12 2024

Announcing an Important Milestone for CRC-IB

CRC-IB Becomes a Fully Partner-Owned Investment Bank, Reinforcing its Position as an Energy Transition Leader

Investment Banking Services Committed to the Sustainability Sector

Building long-term partnerships by facilitating investment outcomes that directly impact our planet.

M&A

M&A

Project Finance

Project Finance

Capital Raising

Capital Raising

Our Impact

#1

Renewable Energy Financial Advisor

#1 in North America by Deal Count from 2019–2024, Inframation League Tables.

340

Deals Executed

$67bn

Total Transaction Value

75%

Deals with Repeat Clients

121

Total GWs

168mm

Tons CO2 Offset

Recent Transactions

CRC-IB Leadership

Nick Knapp

Conor McKenna

Gary Durden

Britta Von Oesen

Nicolas Chery

Andy Nguyen

Michael Tatarsky

Michael Yurkerwich

Trusted Leadership Team with Deep Transactional Proficiency.

Our Insights

Announcing an Important Milestone for CRC-IB

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Key Takeaways from CRC-IB and Wood Mackenzie CCUS Webinar

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Quarterly Considerations Q3 2024

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CRC-IB Advises ContourGlobal on Acquisition of 151MWdc Solar Portfolio

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Webinar: Creating a Pathway for Future Growth in the CCUS Sector

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CRC-IB Advises Sabanci Renewables on $137M Tax Equity Financing for 232MW Solar Project

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CRC-IB Promotes Nicolas Chery to Managing Director

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CRC-IB Transaction Featured in the WSJ

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CRC-IB Advises Harvestone Low Carbon Partners on Carbon Capture and Storage Tax Credit Financing

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Analysis – Solar & Wind Market Cost of Energy (MCOE)

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Quarterly Considerations Q2 2024

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Gary Durden Featured on Crossroads: Transferability and the Energy Economy

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Quarterly Considerations Q1 2024

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CRC-IB Advises Sunnova on Tax Credit Financing for 157MW Residential Solar Portfolio

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CRC-IB Advises Pivot Energy in Raising Financing for 72 Megawatt Community Solar Portfolio

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CRC-IB Advises Matrix Renewables on Tax Credit Transfer and Debt Financing for 260MWdc Solar Project

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Beyond Renewables: Financing US Sustainability in 2024 and Beyond

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CRC-IB Advises Arevon Energy on Tax Credit Financing for 200MW / 800MWh Battery Energy Storage System

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Analysis – Solar & Wind Market Cost of Energy (MCOE)

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Gary Durden Featured in Private Banker International – Private Banking Outlook in 2024

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CRC-IB Advises Key Capture Energy on Tax Credit Transfer for 120MW / 240MWh Battery Storage Portfolio

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CRC-IB Advises Sabanci Renewables on $185M Tax Equity Financing for 272MW Solar Project

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CRC-IB Advises Excelsior Energy on $1.3B Tax Equity and Debt Financing for 683MW Solar Project

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Renewable Energy
Financial Advisor

Total Transaction
Value

Deals with Repeat
Clients

Tons CO₂ Offset

CohnReznick Capital Advises Dimension in Raising Tax Equity and Debt Financing for 120MW_DC Distributed Generation Portfolio