May 12, 2014

Marathon Capital Advises Suzlon on Sale of 240 MW Big Sky Wind Farm

CHICAGO, IL – May 12, 2014 - Suzlon Group, the world's fifth largest wind turbine manufacturer, announced the sale of the 240 MW Big Sky wind farm in Illinois to EverPower Wind Holdings, Inc. Marathon Capital, LLC acted as exclusive financial advisor to Suzlon for this transaction.

Suzlon Group recently acquired the Big Sky wind farm via their fully owned US-based subsidiary Suzlon Wind Energy Corp (SWECO) from Edison Mission Energy.

“We are pleased that we could assist our friends at SWECO in identifying a near perfect buyer for Big Sky in EverPower. The transaction was complex, but the parties involved were able to arrive at a mutually acceptable agreement delivering value to all,” said Ted Brandt, CEO of Marathon Capital.

Suzlon and EverPower have agreed to a seven year operations and maintenance service agreement, keeping SWECO involved in the project at the operations level.

Big Sky was completed in 2011 utilizing 114 Suzlon 2.1 MW turbines and generates enough electricity per annum for nearly 50,000 homes while also offsetting over 225,000 tons of CO2 emissions. EverPower’s acquisition of Big Sky makes it the nation's 18th largest wind generator, giving the company a combined U.S. wind generation portfolio of 752 MW.

About Marathon Capital

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


About Suzlon Group

The Suzlon Group is ranked as the world’s fifth largest* wind turbine supplier, in terms of cumulative installed capacity and market share, at the end of 2013. The company’s global spread extends across Asia, Australia, Europe, Africa and North and South America with over 24000 MW (@24 GW)of wind energy capacity installed, operations across over 30 countries and a workforce of over 10,000. The Group offers one of the most comprehensive product portfolios – ranging from sub-megawatt onshore turbines at 600 Kilowatts (KW), to the world’s largest commercially-available offshore turbine at 6.15 MW – with a vertically integrated, low-cost, manufacturing base. The Group – headquartered at Suzlon One Earth in Pune, India – comprises Suzlon Energy Limited and its subsidiaries, including Senvion SE.


About EverPower

EverPower Wind Holdings, Inc., headquartered in Pittsburgh with offices in New York City and Bellefontaine, Ohio, is a developer, owner and operator of utility grade wind projects. Since its founding in 2002, EverPower has used a unique approach to wind power development by partnering with landowners and communities to establish itself as a premier developer, owner, and operator of wind projects in the US. To date, EverPower currently has seven operational wind facilities with a nameplate capacity of approximately 752 MW in four states. EverPower has been owned by Terra Firma Capital Partners, a European private equity firm, since 2009.