Alchemy Renewables Energy

What Alchemy Renewables Energy does

Alchemy Renewable Energy, founded in 2016 and headquartered in Springfield, Missouri, is a privately held boutique renewable energy investment firm operating as a portfolio company of Monarch Private Capital. The firm develops, finances, and asset-manages mid-size utility-scale solar projects in the United States, serving three constituencies: institutional investors seeking tax-advantaged renewable energy exposure, renewable energy developers seeking capital partners, and power purchasers (municipal utilities, commercial and industrial buyers, retail energy providers) seeking clean energy supply through power purchase agreements. The platform originated projects across seven states and reports $502M in assets under management, $1.5B+ in facilitated solar installations, and approximately 1 GW of financed capacity across nearly 200 projects.

The company's core offering is an integrated project finance and asset management stack covering acquisition, development, construction oversight, tax equity placement, long-term debt financing, operations and maintenance, and asset management. Its technology is fundamentally a project vetting and structuring platform: a proprietary risk assessment framework that screens projects and developer counterparties on size, schedule, and risk before they are presented to capital partners. Alchemy's operational portfolio comprises nine named utility-scale solar installations ranging from 3.31 MWdc to 19.27 MWdc (totaling approximately 108 MWdc), with key projects including Logansport Solar (Indiana, 19.27 MWdc), TPE Whitney Solar (Texas, 14.28 MWdc), Twittys Creek Solar (Virginia, 17.37 MWdc), and Firwood and Duus Solar (Oregon, 15.25 MWdc each). Capital partners include The Carlyle Group (via the Cardinal Renewables joint venture) and Monarch Private Capital, while development and EPC partners include Inovateus Solar, TurningPoint Energy, DEPCOM Power, Telamon Enterprise Ventures, and Holocene Clean Energy.

Alchemy's revenue model combines professional services (project development and structuring fees), tax equity placement intermediation through Monarch Private Capital, long-term debt financing arrangement, and managed services via ongoing operations and maintenance. The go-to-market is sales-led and relationship-driven, with no public pricing disclosed. Institutional distribution is anchored by the January 2020 $100 million Carlyle commitment through Cardinal Renewables, which targets projects of 5-80 MWac and provides the deployment vehicle for the firm's deal origination engine.

Name

Alchemy Renewables Energy

Legal name

Alchemy Renewable Energy

Website

https://alchemyenergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Alchemy Renewable Energy is a boutique renewable energy investment firm that develops, finances, and asset-manages mid-size utility-scale solar projects, connecting developers with institutional investors via tax equity placement and the Carlyle-backed Cardinal Renewables platform.

Ownership category

akta.pro rank

Product category

Renewable Energy Investment and Project Development

NAICS

Solar Electric Power Generation (221114), Biomass Electric Power Generation (221117), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

Keywords

• Renewable energy investment
• Solar project financing
• Tax equity placement
• Utility-scale solar development
• Renewable asset management

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Tax Equity Financing: Placement of tax equity financing for renewable energy projects, leveraging Monarch Private Capital's expertise in placing transferable credits. Insurance companies and institutional investors provide tax equity for utility-scale solar projects.
2. Debt Financing Services: Comprehensive long-term debt financing for renewable energy projects as part of capital structure.
3. Asset Management Services: Operations and maintenance management and asset management services for renewable power generation projects.
4. Project Development Services: Development support including acquisition, development, and construction oversight for utility-scale solar projects.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Alchemy Renewable Energy is a boutique renewable energy investment firm that develops, finances, and manages mid-size utility-scale solar power generation projects across the United States. The company provides end-to-end project management spanning acquisition, development, construction, tax equity and debt financing placement, operations and maintenance, and asset management, connecting premium solar developers with institutional tax equity investors through joint ventures and its parent Monarch Private Capital's transferable credit network.

Product overview

Alchemy Renewable Energy operates as a boutique renewable energy investment firm offering a unified platform of services for premium mid-size utility-scale solar projects. The company provides end-to-end investment management—from project vetting and acquisition through development, construction, financing, operations, and asset management. Core offerings include tax equity financing facilitated through parent company Monarch Private Capital, and the Cardinal Renewables joint venture with The Carlyle Group (a $100 million commitment vehicle). The portfolio spans nine named solar installations across the United States with capacities ranging from 3.31 MWdc to 19.27 MWdc, totaling approximately 108 MWdc. The company also offers a joint-venture partnership model with developers and co-sponsors for project financing structures.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Investment and Development Services End-to-end service covering project vetting, acquisition, development, construction oversight, financing arrangement, and operations support for mid-size utility-scale solar projects, intended for solar developers and project owners seeking capital partners and execution support.
• Tax Equity Financing Placement Placement of tax equity financing for utility-scale solar projects, connecting institutional investors such as insurance companies with vetted project opportunities to monetize Investment Tax Credits (ITC).
• Asset Management and Operations Services Ongoing operations, maintenance, and asset management of utility-scale solar power generation projects for project owners and joint venture partners, including the Cardinal Renewables portfolio.

Quantifiable outcome

• Reduced 232,425 metric tons of greenhouse gas emissions annually across portfolio
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered major and core.

• Direct Energy BusinessmajorGTM or Marketing Partner · 1 November 2020Direct Energy Business secured a PPA with Cardinal Renewables (Alchemy/Carlyle JV) through Twittys Creek Solar, LLC for a 14 MWac solar installation in Charlotte County, Virginia. Direct Energy is one of North America's largest retail providers of electricity and natural gas with nearly 4 million customers across 50 U.S. states and 8 Canadian provinces.
• Holocene Clean EnergymajorStrategic or Co-development Partner · 1 November 2020Developer of Twittys Creek Solar, LLC 14 MWac installation in Charlotte County, Virginia. Holocene is building the foundation for future solar power supply, battery storage, and delivery, creating scalable distributed solar generation and storage project portfolios.
• Telamon Enterprise Ventures LLC (TEV)coreStrategic or Co-development Partner · 1 May 2020Joint venture partner in a 44.51 MW solar portfolio across Indiana. TEV serves as the majority co-sponsor of the portfolio. TEV is a national solar developer and consultant based in Carmel, Indiana, having designed and financed one of the nation's largest airport solar projects and the nation's largest public transit solar array.
• Inovateus SolarmajorStrategic or Co-development PartnerDevelopment and EPC partner for Logansport Solar 16 MW-AC project in Indiana. Inovateus Solar is a leading solar and energy storage development, EPC and supply company in the Midwest with 453 MW of utility, commercial, industrial, and education sector solar PV projects built and under development in the U.S. and Caribbean.
• TurningPoint EnergymajorStrategic or Co-development PartnerFully developed the Ephrata Solar 3.5 MWac project in Lancaster County, Pennsylvania. TurningPoint Energy is a clean energy development, advisory and investment company with solar development projects throughout the U.S., with principals having developed over $2.5 billion in value over 1.1GW of operating solar power plants.
• DEPCOM PowermajorImplementation/ SI/ Consulting PartnerEngineering, procurement, construction and financing partner for Ephrata Solar project; also delivers operations and maintenance services. DEPCOM is a partner in utility-scale solar for project development support, EPC and O&M services for utilities and independent power producers.
• Indiana Municipal Power Agency (IMPA)coreChannel Partner/ Reseller/ DistributorWholesale power provider to 61 cities and towns in Indiana and Ohio; served as project developer and offtaker for 7-solar-project portfolio. IMPA members deliver electric service to approximately 330,000 individuals. Projects in Gas City, Centerville, Crawfordsville, Richmond, Scottsburg, Tell City, and Tipton.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• D.E. Shaw Renewable Investments (DESRI): D.E. Shaw Renewable Investments operates a tax-equity-financed utility-scale solar and storage development platform with similar project sizes and institutional LP structures. Closely comparable as a boutique, tax-credit-driven renewable developer that bridges developers and institutional investors.
• Origis Energy: Origis Energy develops, constructs, and operates mid-size utility-scale solar projects and offers O&M and asset management services. Directly comparable to Alchemy's full-scope development-to-asset-management model focused on commercial and industrial plus utility-scale solar.
• Pine Gate Renewables: Pine Gate Renewables is a leading utility-scale solar developer focused on project origination, development, financing, and operation of solar and storage projects across the U.S. Comparable to Alchemy in the mid-size utility-scale solar niche with similar capital structuring needs.
• Cypress Creek Renewables: Cypress Creek Renewables is a solar developer and operator that develops, finances, builds, owns, and operates utility-scale and community solar projects across the U.S. Comparable to Alchemy as a vertically integrated solar developer with a focus on development and asset management.
• 8minute Solar Energy: 8minute Solar Energy develops and engineers utility-scale solar PV and storage projects across the southwestern U.S. Comparable to Alchemy in mid-to-large utility-scale solar project development, though now under ENGIE ownership following 2022 acquisition.
• C2 Energy Capital: C2 Energy Capital develops, finances, owns, and operates utility-scale and distributed solar generation projects in the U.S. Comparable as a development-and-finance platform operating at similar project sizes with tax equity structures.
• Hannon Armstrong: Hannon Armstrong Sustainable Infrastructure Capital provides capital and financing solutions for renewable energy and energy efficiency projects with strong tax equity capabilities. Comparable to Alchemy in the tax equity / structured capital layer serving renewable developers.

Broad incumbents

• Clearway Energy: Clearway Energy is a publicly traded renewable energy owner/operator with utility-scale solar, wind, and storage assets across the U.S. Overlaps with Alchemy in utility-scale solar ownership and asset management but operates at much larger scale with a broader technology mix.
• NextEra Energy Resources: NextEra Energy Resources is the world's largest generator of renewable energy from wind and solar, with significant tax equity and project finance capabilities. Comparable in renewable energy project development and structured finance but at vastly greater scale and asset diversity.
• Brookfield Renewable: Brookfield Renewable Partners is one of the largest publicly traded renewable power platforms, operating utility-scale solar, wind, hydro, and storage globally. Comparable as a tax-credit-driven renewable infrastructure investor but with global scale and a much broader asset mix.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alchemy Renewables Energy