Transactions
Rockland Capital
Lakeswind Wind Project
50 MW Lakeswind Wind Project Tax Equity Financing provided by:
Union Bank N.A.
Marathon Capital secured tax equity for the Lakeswind 50 MW PTC-eligible wind generation facility, located in the Becker, Clay, and Otter Tail counties in northern Minnesota. The project was acquired by Rockland Capital from Project Resources Corporation just prior to completion of construction.
Marathon Capital acted as exclusive financial advisor to Rockland Capital.
The Lakeswind project consists of thirty-two 1.5 MW GE turbines; all output from the project will be sold to to a group of municipal offtakers in northern Wisconsin and Minnesota pursuant to a 20-year PPA.