Tax Equity Provided by:
Marathon Capital, LLC (“Marathon Capital”) is pleased to announce that TransAlta Corporation (“TransAlta”), has closed on a tax equity investment for two US wind projects with a total capacity of 119 MW.The portfolio includes Big Level, a 90MW wind project in Potter County, Pennsylvania and Antrim, a 29 MW wind project in Antrim, New Hampshire.
Marathon Capital served as exclusive financial advisor to TransAlta on the transaction.
“It was a pleasure to work with the TransAlta team on the Big Level and Antrim financing, and to support TransAlta’s continued expansion into the US wind market,” said Matt Shanahan, Managing Director, at Marathon Capital.
TransAlta Corporation is a leading global energy developer and operator with broad experience across wind, hydro, solar, coal and gas fired energy technologies, with owned capacity of approximately 8,050 MW. TransAlta Renewables, one of Canada’s largest wind generators, currently has over 2,500 MW of owned capacity in operation, including 23 wind projects totaling 1,446 MW.
About Marathon Capital
Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the energy sector. Marathon Capital is a four-time recipient of the “Best Renewable Asset M&A Adviser” Award, “Renewable Generating Project Finance Deal of the Year” Award (2016), first-time recipient of the “Best Asset M&A Adviser” (2017) and first-time recipient of the “M&A Adviser of the Year” (2019) in Power Finance & Risk’s Annual Power Finance Deals and Firms Awards.