Apr 24, 2014

​Marathon Capital Advises Global Investment Renewable on the formation of Coronal Municipal Energy Services

CHICAGO, IL – Marathon Capital advises Global Investment Renewable (GIR), an international solar developer, on the formation of Coronal Municipal Energy
Services (CMES) with Panasonic Eco Solutions North America (Panasonic) and its strategic partner Coronal Group (Coronal). The joint venture combines
GIR’s innovative solar financing structure with Panasonic’s engineering and operational expertise, and the financial acumen of the Coronal Group. Together,
the partners expect to bring the 2GW portfolio to fruition over the next 24 months.

To learn more about this transaction please contact Terry Grant tgrant@marathon-cap.com.

Click here to view Panasonic Eco Solutions North America Press Release

Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising
of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the global energy
and infrastructure markets. Marathon Capital was recently awarded “Best Renewable Asset M&A Advisor” in Power Finance & Risk’s 10th Annual
Power Finance Deals and Firms Awards in 2013.