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PNC Shuts Down Tax Equity Business

Jan 31, 2019 - Power, Finance and Risk

PNC Bank has closed its renewable energy tax credit investment group,PNC Energy Capital,resulting in a raft of departures and reassignments, including at the highest level.

Dick Rai, the manager of PNC Energy Capital, who is based in Valencia, Calif., left the bank earlier this month andSue Sparks, senior sales executive in San Francisco, has also departed, as has Jennifer Noah, a vice president and relationship manager based in Buffalo, N.Y.

Prior to joining PNC in 2012, Sparks was ...