Greenprint Capital Market Research Report

Background

Overview

Greenprint Capital is a privately held investment and advisory firm specializing in tax credit-anchored investments in renewable energy infrastructure. Established in late 2019, the company focuses on efficiently managing and deploying capital into climate-positive energy projects, aiming to balance financial returns, reduce tax liabilities, and achieve sustainable impact.

Mission and Vision

Greenprint Capital is committed to facilitating decarbonization, economic inclusion, and impact measurement while delivering excellent financial returns. The firm strives to empower institutions to invest in transformative renewable energy projects through expert guidance and innovative financial solutions.

Primary Area of Focus

The company specializes in tax credit-anchored investments and loans to renewable energy infrastructure, including solar, storage, wind, and emerging technology projects. Greenprint Capital partners with both clean energy sponsors and institutional investors to originate, structure, and execute tax-advantaged investments that maximize financial returns, enhance tax efficiency, and drive measurable sustainability outcomes.

Industry Significance

Since its inception, Greenprint Capital has executed over $2 billion in direct investments across clean energy assets, facilitating capital-efficient solutions that align with decarbonization policy frameworks and optimize after-tax returns.

Key Strategic Focus

Core Objectives

• Tax Credit Transfer and Hybrid Structures: Greenprint Capital specializes in structuring transactions that leverage tax credit transferability, allowing for optimized project economics and broader buyer participation.

• Vertically Integrated Platform: The firm offers full-service execution from opportunity origination through asset management, enabling efficient capital deployment and ongoing compliance oversight.

• Mission-Aligned Investment Approach: Greenprint Capital is dedicated to facilitating decarbonization, economic inclusion, and impact measurement while delivering excellent financial returns.

Specific Areas of Specialization

• Tax Credit Transferability: Expertise in structuring transactions that leverage tax credit transferability, allowing for optimized project economics and broader buyer participation.

• Vertically Integrated Execution: Full-service execution from opportunity origination through asset management, enabling efficient capital deployment and ongoing compliance oversight.

Key Technologies Utilized

• T-Flip™ Structures: A hybrid tax equity structure designed to combine the flexibility of tax credit transferability with traditional tax equity investment mechanisms, tailored for large banks and financial institutions.

• Preferred Equity Investments: Offering sponsors flexible capital solutions with structured exit options, providing a senior claim to a project’s operating cash flows while retaining the upside potential typically associated with equity ownership.

• Private Credit and Tax Credit Bridge Loans: Bespoke, non-dilutive capital solutions designed to meet the interim liquidity needs of renewable energy sponsors, secured by anticipated project milestones, tax credit transfer proceeds, or contracted cash flows.

Primary Markets or Conditions Targeted

Greenprint Capital focuses on renewable energy projects that generate U.S. federal tax credits and stable long-term cash flows, including solar photovoltaic (PV) systems, battery energy storage systems (BESS), distributed energy resources (DERs), microgrids, and other tax-credit eligible hybrid and emerging technologies.

Financials and Funding

Total Funds Raised

Greenprint Capital has facilitated over $2 billion in direct investments across clean energy assets since its inception.

Recent Funding Rounds

• March 2025: Greenprint Capital and funds managed by AB CarVal expanded their joint venture, doubling the capital available to fund tax equity investments in renewable energy and storage projects.

• October 2023: The firm finalized a joint venture with funds managed by AB CarVal to support a $2.5 billion tax equity investment pipeline for 2024-2025 renewable energy and storage projects.

Notable Investors

AB CarVal, an established global alternative investment manager and part of AllianceBernstein's Private Alternatives business, has been a significant partner in Greenprint Capital's funding initiatives.

Intended Utilization of Capital

The capital raised is intended to support scalable, flexible tax equity solutions for renewable energy developers, including time-based flip transactions, preferred equity investments, and private credit facilities.

Pipeline Development

Key Pipeline Candidates

Greenprint Capital's pipeline includes a diverse range of renewable energy projects, such as:

• Community Solar Projects: A $275 million tax equity partnership supporting a multi-state portfolio of community solar projects totaling over 130 MW.

• Biomass Projects: An $82.5 million tax equity financing for two operating biomass projects in Georgia, providing 116 MW of energy capacity.

Stages of Clinical Trials or Product Development

As an investment firm, Greenprint Capital does not engage in clinical trials or product development but focuses on financing and structuring investments in renewable energy projects.

Target Conditions

The firm targets projects that generate U.S. federal tax credits and stable long-term cash flows, including solar PV systems, BESS, DERs, microgrids, and other tax-credit eligible hybrid and emerging technologies.

Relevant Timelines for Anticipated Milestones

Greenprint Capital's investments are structured to align with project development timelines, facilitating efficient capital deployment and ongoing compliance oversight.

Technological Platform and Innovation

Proprietary Technologies

• T-Flip™ Structures: A hybrid tax equity structure designed to combine the flexibility of tax credit transferability with traditional tax equity investment mechanisms, tailored for large banks and financial institutions.

• Preferred Equity Investments: Offering sponsors flexible capital solutions with structured exit options, providing a senior claim to a project’s operating cash flows while retaining the upside potential typically associated with equity ownership.

• Private Credit and Tax Credit Bridge Loans: Bespoke, non-dilutive capital solutions designed to meet the interim liquidity needs of renewable energy sponsors, secured by anticipated project milestones, tax credit transfer proceeds, or contracted cash flows.

Significant Scientific Methods

Greenprint Capital employs advanced financial structuring techniques, including tax credit transferability and hybrid investment structures, to optimize project economics and enhance investor participation.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, Greenprint Capital utilizes advanced data analytics and financial modeling to assess and structure investments effectively.

Leadership Team

Key Executive Profiles

• Peter DeFazio: Managing Partner of Greenprint Capital Management, leading the firm's strategic initiatives and partnerships.

• Alex Flamm: Managing Director at AB CarVal, contributing to the firm's investment strategies and joint ventures.

Leadership Changes

No recent significant changes or appointments within the company's leadership have been publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The renewable energy investment sector is experiencing significant growth, driven by increasing demand for clean energy solutions and supportive government policies. Tax equity financing plays a crucial role in funding renewable energy projects, offering investors opportunities to achieve financial returns while supporting sustainability goals.

Competitor Analysis

Greenprint Capital operates in a competitive landscape with several key players:

• Energy Impact Partners: Focuses on investments in sustainable energy solutions, with a portfolio spanning various clean energy technologies.

• Fifth Wall: Specializes in real estate technology investments, including energy efficiency and sustainability-focused projects.

• Clean Energy Ventures: Invests in early-stage clean energy companies, supporting innovations in renewable energy and energy storage.

• Congruent Ventures: Focuses on early-stage investments in sustainable technology companies, including those in the energy sector.

• Prelude Ventures: Invests in early-stage companies across various sectors, including energy, with a focus on sustainability and climate change mitigation.