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​Marathon Capital Advises TransAlta on Tax Credit Transfer Agreements for White Rock and Horizon Hill Wind Projects

March 04, 2024


Utility Scale Clean Power


Tax Credit Advisory

  • Matt Shanahan

    Managing Director

  • Greg Andiorio

    Director, Tax & Structuring

  • Wayne Chomitz

    Director, Tax & Structuring

Marathon Capital, LLC (“Marathon Capital”) is pleased to announce that TransAlta Corporation (“TransAlta”) entered into 10-year transfer agreements with an AA-rated customer for the sale of approximately 80 percent of the expected PTCs to be generated from the White Rock wind facilities and the Horizon Hill wind project, both located in Oklahoma. Marathon Capital served as TransAlta’s exclusive financial advisor on the transaction and Stonehenge Capital served as the buyer’s tax credit servicer.

Marathon Capital arranged the tax credit transfer transaction and advised on transaction structuring, due diligence and documentation.

“We are grateful for the opportunity to advise TransAlta on another important financing in support of their continued expansion into the U.S. renewables market. Congratulations to all involved on a successful and innovative transaction,” said Greg Andiorio, Director at Marathon Capital.

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