SEGMENTS

Utility Scale Clean Power

SERVICES

Debt Capital Markets

Tax Credit Advisory

Contact

Ari Pribadi

Global Co-Head of Investment Banking and Co-Chair of Diversity, Culture & Community
Jorge Rodriguez

Managing Director & Head of Debt Capital Markets
Greg Andiorio

Managing Director, Tax Credit Advisory

Marathon Capital has advised Earthrise Energy on its $630 million tax equity and debt financing for Gibson City Solar, a 270 MWac solar project within Illinois’ MISO power market. The debt financing is comprised of a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. BBVA, Intesa Sanpaolo, and Nord/LB served as Coordinating Lead Arrangers and Bookrunners for the debt financing while a Fortune 500 telecommunications company provided the tax equity commitment. Marathon Capital acted as exclusive financial advisor to Earthrise Energy on the transaction.

This novel transaction is distinguished by its shared point of interconnection between the solar project and Earthrise’s existing thermal power plant, using surplus interconnection service. It was also one of the first solar project financings that utilizes the Illinois Power Agency’s Indexed Renewable Energy Credit offtake contract.

View Earthrise Energy Announcement

Marathon Capital has Advised Earthrise Energy on its $630 Million Financing for MISO-based Solar Project

A global financial and strategic advisor focused solely on the clean economy and the energy transition.