Falvez Energy
Tax Equity Capital Raise and Construction Debt Financing for 163.2 MW Astra Wind Project provided by:
GE Energy Financial Services & BNP Paribas
Marathon Capital successfully secured a tax equity capital raise for Falvez Energy’s 163 MW Astra Wind Project, located in the Texas Panhandle. GE Energy
Financial Services, a unit of General Electric Company (“GE”) and BNP Paribas SA each provided 50% of the project tax equity. In addition, GE Energy
Financial Services funded the project’s construction financing facility.
Marathon Capital served as the exclusive financial advisor and placement agent to Falvez Energy in the structuring and placement of the tax equity.
The Astra Wind Project is located in Randall, Castro, and Deaf Smith Counties, and is considered to be in the western portion of the Competitive Renewable
Energy Zone (CREZ). The CREZ supplies electricity from renewable sources in west Texas to eastern Texas load areas including Dallas, Houston and San
Antonio.
The project was designed and is being constructed to utilize sixty-eight 2.4 MW GE wind turbine generators with advanced performance, reliability and output.
The main power transformer is supplied by GE. The renewable energy generated by the project will be transmitted through a new 14-mile 345 kV transmission
line to the Sharyland Utilities Windmill Substation, via the Electric Reliability Council of Texas (ERCOT). GE will provide day to day operations and
maintenance services under a 10-year Full Service Agreement.