Baird – Renewable Energy Financing
About the Company:
For more than 100 years, Baird has navigated financial services clients through the highs and lows of the market and conservatively grown and consistently reinvested in capabilities and expanded into new markets and areas of expertise, all to serve the evolving needs of their clients. Today, Baird has more than 4,600 associates in over 200 locations across the globe and ranks as the No. 1 lead managing underwriter of municipal bonds nationally, based on number of issues, since 2009 according to Ipreo MuniAnalytics. Baird understands and place significant focus on the renewable and alternative energy sectors, advising clients in various power generation spaces, including the solar, wind, biofuels, renewable natural gas, hydroelectric and geothermal spaces. Recently, Baird served as sole manager to Zahn’s Dairy Farm RNG Plant in Wisconsin to assist in financing the construction of a renewable gas facility.
About the Solution:
Baird takes a multi-faceted approach to the renewable energy space, utilizing several Baird teams to maximize their financing capabilities for the renewable energy sector. The Public Finance banking team members generate ideas and structures renewable energy transactions to balance the needs of clients, helping to determine the terms and parameters that investors will accept. Baird’s Fixed Income Sales and Trading team is responsible for pricing renewable energy bonds transactions, finding investors for and placing renewable energy bonds, and supporting liquidity in the secondary market. Baird’s Institutional Equities and Research teams follow companies in the sustainable energy and mobility sector, while the firm’s Global Corporate Access team arranges company investor connections with sector participants. Finally, Baird Asset Management actively researches and invests in renewable energy fixed income financings and their portfolio managers understand and appreciate the unique stories of the renewable energy sector, thus providing additional and unique “investor perspective” that most other investment banks don’t have. The combined expertise of these teams allows Baird to provide RNG clients with the most comprehensive services.
Solution Strengths, Weaknesses and Critical Indicators
NOTE: There are multiple technologies that are used as part of integrated manure management systems and yet are not manure management types on their own. The impact of these technologies on their own would be minimal or very difficult to quantify.
General Support & Other:
- Can be an integral part of many manure management systems
- Most projects have at least some equipment that supports operations of the main technology
- This technology is not evaluated on its own, the NEAT Matrix for this technology is neutral unless utilized with other technologies.
Newtrient is currently working with Robert W. Baird & Co. Inc to understand their desired role and to help them understand the best fit for their company in the dairy industry.
1. OPERATIONAL HISTORY