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Marathon Capital Advises Nestlé on First Tax Equity Investment

December 09, 2020


Utility Scale Clean Power


Tax Credit Advisory

  • Matt Shanahan

    Managing Director

  • Greg Andiorio

    Director, Tax & Structuring

  • Ari Pribadi

    Senior Managing Director, Head of Chicago & Co-Chair of D&I Committee

  • Joan Hutchinson

    Managing Director & Co-Head of Offtake Advisory

Marathon Capital acted as the exclusive financial advisor to Nestlé on its investment in a solar project owned by 7X Energy, Inc., a leading utility-scale solar developer, owner, and asset manager. Nestlé is the sole tax equity investor in 7X’s 250 MWac Taygete I Energy Project, located in Pecos County, Texas. In addition to its tax equity investment, Nestlé will purchase 100% of the renewable electricity attributes generated by the project’s energy production.

“The Marathon Capital team is honored to have helped Nestlé in making a tax equity investment and REC offtake to enable the addition of a large solar project in the US. We are excited for this unique way to achieve ever important net-zero and sustainability goals.” – Ari Pribadi, Senior Managing Director and Head of Chicago Office.


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