Think Energy Partners LLC#202, 15 Bleeker Street, Millburn, New Jersey, New Jersey, United States

ThinkEnergy Partners LLC and its affiliated entities (“Think Energy” or the “Company”), established in 2003, is a developer of energy assets, with specific interests in solar and natural gas-fired power projects. Think Energy has a successful track record of investing in, developing, managing and exiting from, energy assets, through sale to strategic buyers, in the United States of America and India.  Think Energy’s business model is to invest in special situation projects or projects at an early development stage and undertake green-field execution including land acquisition, securing permits and clearances, procuring power purchase agreements, arranging debt financing, and engineering, procurement and construction supervision. Think Energy has a strong experience in working as co-investors with large institutional energy investors and developers such as Trust Company of the West, Lehmann Brothers, Rolls Royce Power Ventures, SolarpackCorporacion, EverStream Capital amongst others. Over the past fifteen years, ThinkEnergy has delivered superior returns to its investors across its portfolio of energy projects in India and United States of America. 

Think Energy’s past track record in the energy sector includes:

• Acquisition, management, restructuring, and sale of five energy assets consisting of 651 MWs three of which were in the USA and one in India. Additionally, Think Energy invested in a coal washery project in India. These assets were restructured, managed, and exited from, successfully with attractive equity returns

• In 2015, Think Energy in partnership with SolarpackCorporacionTechnologica S.L. (Spain) co-developed six solar projects aggregating to 104 MW in the state of Telangana, India. Power Purchase Agreements (”PPAs”) for these 6 projects, each with a term of 25 years, were executed in February 2016 with the Telangana state power distribution companies. These projects will help the State reduce its carbon footprint by displacing 154k tonnes of Green Houses Gases per annum which is equivalent to planting 7.32 million mature trees. Today, these projects are operational and performing in accordance with management expectations

• In 2017, Think Energy in partnership with Everstream Capital created TEPSOL Projects Private Limited (“TEPSOL”), a joint venture company developed to focus on the Rooftop and C&I solar market. The joint venture participated in the competitive bidding, won 18MW of rooftops projects. TEPSOL is in advanced stages of executing these projects, across 100 sites spread across the three states of Maharashtra, Andhra Pradesh, and Karnataka, expected to be commissioned in the second half of 2018. These projects were tendered by the Solar Energy Corporation of India(“SECI”) and are being developed on the rooftops of State and Central government buildings across these three states.

• TEPSOL through competitive bidding has also won, and is developing 60 MW of ground mounted projects in the State of Karnataka. PPAs with the state power distribution companies in Karnataka have been signed in March 2018. The projects are expected to be commissioned in the second half of 2019. These projects will help the State reduce its carbon footprint by displacing 90k tonnes of CO2 emission per annum and illuminate 84k homes.

• TEPSOL would be implementing a portfolio of 175 MW of ground-mounted projects in the state of Maharashtra. The projects have been tendered and the allocation is in progress. These projects shall be developed over the next 12-18 months and are expected to generate more than 280 million units in the first year of normalized operations.

• TEPSOL is also developing several projects with private customers both under Net Metering and Open Access mechanism. Think Energy has recently executed a 1.4 MW PPA with a leading food manufacturer based in Maharashtra, and the project is expected to be commissioned in the last quarter of 2018.

• TEPSOL has participated in other competitive bids where the results are pending, plans to participate in future bids, and targets to develop an operating portfolio of 1 GW+ over the next few years.

Vision Statement 

“To become a leading player in Clean Energy & Clean Water, playing a pivotal role in India’s march towards Energy and Water security. To achieve our goals and objectives while carrying on a long-standing commitment of honesty and integrity to all of our stakeholders”.

Clean Energy

 Think aims to play a pivotal role in India’s bid to become energy independent. By focusing on clean energy, Think intends to lead India’s focus on sustainable energy sources and technologies.  Think has started its clean energy journey with Solar PV technologies. As we move along, we intend to undertake wind projects as well. Think is currently developing a portfolio of solar projects aggregating to 500 MW in India with a particular emphasis on the southern states of Telangana, Karnataka, and Maharashtra.  Last year Think, in partnership with Solarpack Corporacion Technologica S.L., won six solar projects totaling to 80 MW at an attractive tariff of INR 5.72 per KWh. Power Purchase Agreements (‘PPA’) with Telangana DISCOMS for developing 6 projects in Telangana were signed in the February 2016. These projects have been commissioned in early 2017.  Over the last couple of years, we have developed internal capabilities on various aspects of the project implementation including land acquisition. Today we don’t depend on external consultants to acquire land for our solar projects and /or to secure permits for our solar projects. Think has recently started offering asset management activities for the project under construction and/or operation. Think is currently developing in-house operation & maintenance capabilities and intend to start an operation & maintenance arm over the next few months.