Transactions

Tyr Energy

Sale of Equity Interest in 845 MW Shepherds Flat Operating Wind Projects to:

Caithness Energy

Tyr Energy and the selling shareholders completed the sale of their equity interests in the Shepherds Flat wind project to the existing owner and managing member Caithness Energy for an undisclosed amount. Shepherds Flat is a 845MW fully contracted and operational wind project located in Oregon that achieved commercial operations in 2012.

Marathon Capital acted as the exclusive financial advisor to Tyr Energy and the selling shareholders. The transaction highlights Marathon Capital’s execution capabilities of large renewable transactions. “It has been a pleasure to work with Tyr, the selling consortium and Caithness and we are thankful for their trust,” said Ammad Faisal, Director at Marathon Capital.

 

About Tyr Energy

Tyr Energy owns interest in and/or provides asset management services for Independent Power Projects (IPPs) located across the US. Tyr Energy and its affiliates have established investment relationships with diverse IPP market participants and Tyr Energy is continually seeking additional investment and partnership opportunities to support its growth objectives.

About Caithness Energy

Caithness Energy is a privately-held Independent Power Producer specializing in the development, acquisition, operation, and management of unique power generation assets in North America. Caithness is focused on providing environmentally progressive large-scale projects, including wind, solar, geothermal and natural gas.

 


 

 

Segments
Marathon's Role

M&A: Sell Side

Client Countries

USA

When

December 2018