JLL Valuation Advisory has hired structured finance specialist John Oates to join its Renewable Energy Valuation team as a managing director to help build a best-in-class infrastructure platform, the company announced in a press release.
Based in Tampa, Fla., Oates will report to Managing Director Mike Bammel, national head of the Renewable Energy Valuation team, which is part of the Infrastructure group led by Managing Director David Dominy.
“John brings a wealth of experience, a solid reputation and leadership skills in providing renewable energy sector valuations that will contribute to helping us grow our infrastructure platform,” Bammel said in the release. “We are excited to welcome a professional of John’s caliber and experience, and I’m personally thrilled to get to work with him again and collaboratively build our structured finance practice.”
At JLL, Oates is focusing on business development and renewable energy structured finance transactions, which involves how projects are financed and combines tax equity, equity and debt, the release stated. He also specializes in and will consult on various types of energy projects, including solar, onshore and offshore wind, geothermal, fuel cell, hydro, bio combined heat and power, in addition to carbon capture storage and utilization appraisals and cost segregations supporting tax credit.
Oates has nearly 50 years of experience in structured finance primarily with sale-leaseback valuations, which includes pioneering valuations of facility leases for automobile manufacturing plants and suppliers; steel mills; oil, gas and chemical assets; semiconductors and power plants, including coal, gas, nuclear and renewable energy facilities. He previously was the co-founder of a lease valuation specialty firm in New York City.
“I look forward to contributing my valuation expertise to help build the Renewable Energy Practice,” Oates said. “Joining a world-class organization like JLL provides us with the tools and technology to continue to grow this service line and provide unmatched service to our rapidly expanding client base.”
The Renewable Energy Valuation platform was added to JLL Valuation Advisory services last fall to as part of Valuation Advisory’s growing platform. Due to increased client demand, the team plans on hiring more people in the near future, the company said.