January 16, 2025
Distributed Energy
Equity Capital Markets
CHICAGO, IL – January 16, 2025 – Marathon Capital is pleased to announce IGS Solar, an affiliate of IGS Energy, has closed a structured equity capital partnership with HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI) to finance U.S. residential solar and energy storage systems. HASI’s first equity investment in the partnership is expected to finance the deployment of a 71 MW portfolio in 2025. Marathon Capital served as financial advisor to IGS Solar.
Since its establishment in 2017, IGS Solar has deployed >$1 billion in residential solar lease and PPA assets for ~30,000 homeowners across 10 states. IGS Solar expects that the new partnership with HASI will support the deployment of solar and energy storage systems for up to 60,000 customers over the next three years.