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Sep 16, 2024
Sep 16, 2024

Actualités et communiqués de presse

Invenergy and Monarch Private Capital Close Nearly $170 Million Tax Equity Financing for Samson Solar Energy Center II

The 200-megawatt facility in Texas will be capable of powering more than 40,000 homes  
Invenergy, the leading privately-held  developer, owner and operator of sustainable energy solutions, and Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances and manages a diversified portfolio of tax credit projects, are pleased to announce the successful closing of nearly $170 million in tax equity financing for the Samson Solar Energy Center II project, located in Lamar County, Texas. The project, developed by Invenergy, will bring significant economic benefits to the region, including construction jobs, substantial landowner payments, and more than $27 million in local taxes and payments to the county and local school district throughout the life of the project. 
The Samson Solar Energy Center II is a 200-megawatt (MW) solar power facility slated to begin commercial operations later this year. Once completed, Samson II will generate enough clean electricity to power over 40,000 homes. The project is part of Invenergy’s Samson Solar Energy Center, a five-phase, 1,310-MW development that is the largest solar energy center in Texas. Collectively, the Samson Solar Energy Center will produce enough energy to power 300,000 homes and help advance Texas's leadership in clean energy. 
Brian Bortman, Senior Vice President of Finance & Capital Markets at Invenergy, said, "The tax equity financing of Samson II marks another significant milestone for our flagship project. This innovative transaction is a testament to Invenergy’s strong financial partnerships and our unmatched capabilities to accelerate clean, reliable energy at scale." 
"We’re proud to have worked with Invenergy on the tax equity solution for the Samson Solar Energy Center II," said Bryan Didier, Partner & Managing Director of Renewable Energy at Monarch Private Capital. "This investment is another important milestone for our team, and we’re excited to partner with Invenergy on a project that is providing skilled jobs and clean energy to a community that has experienced economic hardship." 
Marathon Capital acted as the exclusive financial advisor to Invenergy on the transaction.  
“Securing the tax equity investment for Samson Energy Center II was a significant step towards advancing the broader Samson Solar Energy Center project,” said Greg Andiorio, Managing Director, Tax Credit Advisory at Marathon Capital. “It was a pleasure to work with the Invenergy and Monarch teams on this important transaction.” 
About Invenergy  
Invenergy is accelerating cleaner, more reliable, affordable energy. Invenergy and its affiliated companies develop, build, own, and operate large-scale renewable and other clean energy generation, transmission and storage facilities in the Americas, Europe, and Asia. Headquartered in Chicago, Invenergy has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.  
Invenergy and its affiliated companies have successfully developed more than 31,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects. 
About Monarch Private Capital 
Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.  
About Marathon Capital 
Over its more than two-decade history, Marathon Capital has emerged as the world’s largest independent advisory bank serving the global sustainable energy, technology and infrastructure markets. Marathon Capital is known as a key thought leader in global energy transition and is consistently viewed as the most innovative bank across clean energy. Marathon Capital has been a multi-year winner of “M&A Advisor of the Year” by Power, Finance & Risk Magazine, and was recently awarded “Financial Adviser of the Year – North America (2023)” by IJ Global in 2024. The Company has strong, established relationships with both strategic and financial institutional investors located globally. Marathon Capital is headquartered in Chicago, IL, with offices in New York, Houston, San Francisco, San Diego, London, as well as representative offices in Calgary, São Paulo, Madrid, and Seoul. 

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