Reznick Capital Markets (RCM), a wholly owned subsidiary of public accounting firm Reznick Group, has announced that it has closed the sale and financing of two wind farms located on Backbone Mountain in western Maryland. The Roth Rock and Roth Rock North wind farms have a total capacity of 50 MW.
The RCM and Reznick Group team provided advisory services to the seller, Synergics Energy Services. The buyer is Gestamp Wind North America, a subsidiary of Gestamp Renewables, and the renewable energy tax-equity participant is U.S. Bancorp.
RCM and Reznick Group conducted the financial modeling for all parties to the transaction, provided tax and structuring advice, and advised on Section 1603 eligibility.