Residential Solar Fund Partnership with:
IGS Solar and a private equity fund managed by Ares EIF, the power and energy infrastructure strategy within Ares Management, L.P. (NYSE: ARES), have closed an approximately $145 million tax equity capital partnership with an undisclosed tax equity investor to finance solar generation assets for homeowners throughout the United States.
Marathon Capital acted as exclusive financial advisor to IGS Solar.
This partnership is expected to deploy an initial portfolio of approximately 4,000 residential solar power purchase agreements (PPAs) in the northeastern United States. Marathon acted as exclusive financial advisor to IGS Solar in arranging the equity capital commitment from Ares EIF and the partnership’s tax equity capital commitment.