RWE Renewables

Marathon Capital, LLC (“Marathon Capital”) is pleased to announce RWE Renewables GmbH (“RWE”), a subsidiary of leading multinational energy company RWE AG, has signed an agreement to sell a 51% stake in four RWE onshore wind facilities in Texas to a subsidiary of Algonquin Power & Utilities Corp. The total consideration corresponds to an enterprise value of around USD 600 million (for the 51% stake). Marathon Capital acted as the exclusive financial advisor to RWE on the transaction.