Transactions

omniwatt AG - Equity Placement

Equity and Debt Placement of 200 MW Solar Development Pipeline provided by:

Elemental Energy

Dusseldorf, Germany based Omniwatt AG, an independent solar power producer focused on developing and financing decentralized Solar-PV installations in the European Union and North America, completed a private placement of newly issued common shares with Canada’s Elemental Energy Inc. At the time of the transaction, Omniwatt AG had a well-diversified pipeline of over 200 MW of ground mount Solar-PV projects in Canada, the United States, France, Italy, and the United Kingdom. Omniwatt AG also had a JDA with a leading Global IPP for its Ontario Feed-in-Tariff (“FIT”) project portfolio

Marathon Capital acted as exclusive Financial Advisor to Omniwatt AG.

The transaction closed with Canada’s Elemental Energy, Inc for an undisclosed amount in December 2010. In addition to subscribing to common equity, Elemental Energy has committed to providing additional investments in the form of convertible debentures. Further, the business arrangement establishes a framework for additional corporate level investment and the potential for project level equity investments.

Segments
Marathon's Role

Equity Placement

Client Countries

Germany

Counter Party Countries

Canada

When

December 2010