Marathon Capital, LLC (“Marathon Capital”) announces it has advised Opdenergy, an independent renewable energy producer headquartered in Madrid, on a $252 million project financing for two under construction solar projects. The 100 MW “Blake” project located in Jefferson County, West Virginia is fully contracted under a 15-year PPA with AEP Energy Partners, and the 160 MW “Elizabeth” project located in Allen Parish, Louisiana is fully contracted under a 20-year PPA with Entergy Louisiana. BBVA, Intesa Sanpaolo, and MUFG acted as Joint Lead Arrangers. Tax Equity commitments were provided by RBC Community Investments, LLC.
Marathon Capital acted as exclusive financial advisor to Opdenergy on the transaction.