Retail Supplier Affiliate Closes $145M Tax Equity Capital Partnership To Finance Residential Solar
July 10, 2018 Email This Story Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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IGS Solar and a private equity fund managed by Ares EIF, the power and energy infrastructure strategy within Ares Management, L.P., have closed an approximately $145 million tax equity capital partnership with an undisclosed tax equity investor to finance solar generation assets for homeowners throughout the United States.
This partnership is expected to deploy an initial portfolio of approximately 4,000 residential solar power purchase agreements (PPAs) in the northeastern United States. Marathon Capital, LLC acted as exclusive financial advisor to IGS Solar
IGS Solar is the solar development affiliate of IGS Energy