Transactions

Falvez Energy

Astra Wind Project

Tax Equity Capital Raise and Construction Debt Financing for 163.2 MW Astra Wind Project provided by:

GE Energy Financial Services & BNP Paribas

 

Marathon Capital successfully secured a tax equity capital raise for Falvez Energy’s 163 MW Astra Wind Project, located in the Texas Panhandle. GE Energy Financial Services, a unit of General Electric Company (“GE”) and BNP Paribas SA each provided 50% of the project tax equity. In addition, GE Energy Financial Services funded the project’s construction financing facility.

Marathon Capital served as the exclusive financial advisor and placement agent to Falvez Energy in the structuring and placement of the tax equity.

The Astra Wind Project is located in Randall, Castro, and Deaf Smith Counties, and is considered to be in the western portion of the Competitive Renewable Energy Zone (CREZ). The CREZ supplies electricity from renewable sources in west Texas to eastern Texas load areas including Dallas, Houston and San Antonio.

The project was designed and is being constructed to utilize sixty-eight 2.4 MW GE wind turbine generators with advanced performance, reliability and output. The main power transformer is supplied by GE. The renewable energy generated by the project will be transmitted through a new 14-mile 345 kV transmission line to the Sharyland Utilities Windmill Substation, via the Electric Reliability Council of Texas (ERCOT). GE will provide day to day operations and maintenance services under a 10-year Full Service Agreement.

 

Segments
Marathon's Role

Tax Equity Placement and Construction Debt Placement

Client Countries

USA

Counter Party Countries

USA

When

December 2016