SOLAR FINANCE VETERAN JOINS KEYSTATE RENEWABLES AS DIRECTOR OF FINANCE

FOR IMMEDIATE RELEASE
For More Information Contact:

Joshua Miller, CEO

KeyState Renewables, LLC

Solar Investment Firm Scales for Growth by Expanding Team

LAS VEGAS, NV (March 8, 2022)

KeyState Renewables, LLC announces the addition of Steve Hibbard as Director of Finance. Hibbard joins KeyState with a wealth of solar project finance experience from the perspective of solar developer and tax-equity investor. Throughout his career, he has closed many tax-equity financing transactions that invested more than $400 million of tax equity across 500MW+ of utility-scale, distributed generation, and residential projects. As the lead underwriter and negotiator on these investments, Hibbard managed project and real estate due diligence, including downside modeling to ensure satisfactory returns. In his role as Director of Finance with KeyState Renewables, he will lead developer relationship outreach and management, all aspects of underwriting and deal negotiation, and solar project asset management. Hibbard earned his undergraduate degree in Economics from Williams College followed by an MBA from the Wharton School at the University of Pennsylvania and an MA in Japanese.

Joshua Miller, CEO of The KeyState Companies, adds, “under Steve Hibbard’s leadership, the next phase of growth of KeyState Renewables is underway. Steve will lead the team that grows SOLCAP’s fund platform, allowing more community banks and middle market corporate investors to invest in renewable energy projects across the US.”

The KeyState Companies have managed tax advantaged investment structures for community banks since 1991 and work with 140 community banks throughout the country. KeyState established KeyState Renewables in 2019 to serve as the managing member for its SOLCAP solar tax equity funds. SOLCAP has launched five funds to date. Those funds have deployed more than $150 million in solar tax equity, funding 38 projects that generate over 200 MWdc of renewable energy annually.

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ABOUT THE KEYSTATE COMPANIES

Founded in 1991, The KeyState Companies are based in Las Vegas, NV, with additional offices in Wilmington, DE and Burlington, VT. KeyState provides businesses with independent expertise and innovative services in the areas of investments, risk management, regulatory compliance, and corporate governance. KeyState Captive Management has been managing captive insurance companies since 2007. It provides captive management and risk management services to over 100 US domiciled captives across a broad base of industries, including financial services, manufacturing, auto dealers, retail, fitness and recreation, insurance, healthcare, energy, public utilities, and real estate. www.key-state.com