RET Capital taps J.P. Morgan and GCL Solar Finance and banking execs as managing directors

SAN FRANCISCO—Renewable Energy Trust Capital, Inc. (RET Capital) has named Alton Lo as Managing Director, Corporate Finance, and Roger Johanson as Managing Director, Project Finance.

“Roger and Alton have decades of first-class experience bringing billions of dollars to the table in the cleantech sector,” said John A. Bohn, Chief Executive Officer and Chairman of RET Capital, an independent renewable finance platform focused on lowering the cost of capital for renewable energy developers and other industry stakeholders. “These gentlemen are simply outstanding at harnessing markets to raise low-cost capital for high-quality renewable energy projects.”

Lo comes to RET Capital after over a decade at J.P. Morgan, where he held a number of roles in corporate and investment banking, capital markets and corporate finance advisory, covering companies across the cleantech, technology, healthcare and consumer sectors. He has helped clients to raise nearly $20 billion of capital across the bank, bond, convertible and equity markets. In addition, he advised clients on optimal capital structure, risk management and treasury management. He also served as a consultant to the Vermont Agency of Natural Resources. Lo earned an MBA from the Tuck School of Business at Dartmouth, and a BA in economics from Dartmouth College.

Johanson comes to RET Capital after having served four years as Director, Structured Finance at GCL Solar Energy. He was responsible for all project financing including equity, tax equity, construction and long-term debt for utility-scale, distributed generation and residential solar PV projects, internationally and in North America. In 2014, he solicited $550 million in tax equity and debt for 250 MW of solar PV projects in North America and Japan. The previous year, he secured $900 million in debt and tax equity financing for 325 MW of solar PV facilities. Prior to joining GCL Solar, Johanson worked as Vice President, Portfolio Trading & Acquisitions at Banc of America Merrill Lynch. He has an MBA from the University of Chicago, Booth School of Business and a BA in business economics from the University of California, Los Angeles.

Working with financial partners NORD/LB Norddeutsche Landesbank Girozentrale in Hannover, Massachusetts Mutual Life Insurance Company (MassMutual) and KeyBank National Association (NYSE: KEY), RET Capital recently announced the close of more than $200MM in financing for four solar projects in the U.S. and Canada.

About RET Capital

RET Capital is an independent finance platform established to lower the cost of capital for qualified developers and other industry stakeholders by providing reliable takeout financing. Focusing on the middle market and working toward standardization, RET Capital helps to facilitate accelerated growth in the North American renewable marketplace by working closely with selected Asset Partners to establish long-term relationships with developers, EPC firms and utilities to provide growth velocity, predictability and improved margins. RET Capital collaborates with its Asset Partners to tailor a suitable acquisition strategy and provide predictable ”take-out” financing for development liquidity. The RET Capital team endeavors to meet Asset Partners’ objectives through innovative ways to structure and design portfolio acquisition and joint ownership opportunities.