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Allco Announces Proposed Sale Process for Allco Wind EnergyAllco Finance Group, the Australian ASX-listed fully integrated global financial services business, has retained Marathon Capital to assist it in the sale of its global wind energy business, Allco Wind Energy (AWE). AWE owns or has rights to a portfolio of wind investments totaling approximately 4,000 MW in the United States, Europe, and Australasia and features one of the largest wind development projects in the world: the 3,100 MW Tehachapi project in California. AWE can also boast a well established and recognized global team of 23 wind energy specialists with over 150 years of experience in originating, developing, constructing, financing, and operating wind and energy projects. Marathon has extensive experience in the wind financing of various types of wind development companies and will be working closely with Allco management on a process which is intended to lead towards a second quarter closed acquisition. The Marathon engagement relates to Allco's US wind assets. Commenting on AWE, Ted Brandt, CEO of Marathon Capital, stated, "Allco Wind Energy's gigantic Tehachapi project in California is the Crown Jewel of the US and global wind industry. It is the largest single location development project available in the world today and is supported by a very conducive wind energy environment and the largest utility-backed wind energy Power Purchase Agreement in the US market. The successful acquirer of this vast and highly attractive project will gain an unrivalled renewable energy platform in California, the US's largest and most energy hungry state." Key parts of the AWE portfolio, which may be sold as a single global business or in three separate geographic parts, include: USA/Tehachapi: Covering 50 square miles in predominately Kern County, California, a proven wind area in the US, the Tehachapi project creates a unique opportunity for a potential buyer to gain immediate scale in the US wind energy market. This project has a multi-year development and power purchase agreement (PPA) with Southern California Edison for 1,500MW, (this agreement is the largest ever signed, providing power for over a million households) and a 24 MW installed and soon to be operating "behind the meter" contract with California Portland Cement Company. Further, beyond the initial land required for the PPA, the project company has additionally secured both the key land agreements and the transition queue positions for the additional expansion capacity. These critical development milestones are particularly valuable in a US state that has high renewable energy standards, scarcity of appropriate land for wind energy and where investors place a very high value on PPAs. Australasia: Approximately 1,600 MW involving 8 projects in Australia of 1,114 MW and 6 projects in New Zealand for 538 MW Europe: Approximately 100 MW created by 6 operational wind farms located in Germany and 4 wind projects in construction and pre construction (2 in France and 2 in Germany) Commenting on the potential sale Steen Stavnsbo, CEO and Managing Director of Allco Wind Energy, said, "This is a unique opportunity to secure a significant strategic stake in the all important Californian energy market, as well as a network and international portfolio in a sector whose long term growth is supported by the increasing global demand for clean energy. In addition, the AWE team's exceptional knowledge of the industry puts it at the forefront of this growth opportunity as it creates a high quality pipeline of future deals and advanced procurement of equipment." About Marathon Capital, LLCMarathon Capital is an experienced investment banking firm focused on the global energy and infrastructure markets, with expertise in wind financing, wind investments, and wind acquisitions. Marathon is headquartered in Bannockburn, Illinois and maintains offices in New York City and SanFrancisco. Marathon Capital's website is . For more information about Marathon Capital's wind financing services, please contact us at 847-574-2670. View printable version of this press release.
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