Monarch Private Capital Announces Financial Close of 450 MW Wind Portfolio | Your money

ATLANTA, June 20, 2022 (GLOBE NEWSWIRE) — Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages a diverse portfolio of projects generating federal and state tax credits, is pleased to announce the financial close of an investment in a portfolio of 450 MW wind projects consisting of nearly 200 re-engined wind turbines located in West Texas. Projects are expected to generate production tax credits (PTCs) based on the continued power output of wind turbines.

Monarch has supported investments in renewable energy projects totaling $2 billion in development costs through tax equity financing. Texas Wind Power Projects are fully operational, bringing the company’s total clean power generation capacity to 1.4 GWdc with 220 facilities in 23 states.

“With this closing, Monarch expands its renewable energy footprint in the state of Texas while expanding our tax fairness expertise in wind energy and production tax credits,” said Jonathan Gross. , director of renewable energy development at Monarch. “Wind energy is an efficient, cost-effective and sustainable source of energy and essential to the success of the Nation’s energy transition.”

As the most widespread and one of the fastest growing sources of renewable electricity in the United States, [1] Wind energy will play a central role in achieving the national goal of 100% clean electricity by 2035. [2] The investment in Monarch’s 450 MW wind portfolio directly supports the efforts of this clean electricity movement. The minimum lifetime (35 years) reduction of these facilities is 12.7 million tonnes of CO2, which is equivalent to the greenhouse gas emissions of 2.7 million gasoline-powered passenger vehicles driven for one year. year or the CO2 emissions from the electricity consumption of 1.6 million homes for a year.

“We are delighted and privileged that our partners have entrusted us with the opportunity to facilitate such a significant investment in high-performance renewable energy assets,” said Bryan Mills, in-house counsel at Monarch Private Capital. “As the energy transition is likely to be financed largely by the private sector, these projects are excellent examples of the value of clean energy tax incentives on stimulating large investments in renewable energy generation. .”

As the company expands its renewable energy impact through wind power, it is diversifying not only its own clean energy portfolio, but, more importantly, that of the Nation. Adding wind power to the U.S. energy mix helps reduce dependence on energy imports, creates jobs, improves public health, and promotes economic development while mitigating the costs and risks associated with climate change.

For more information about Monarch programs and services, please contact Jonathan Gross by emailing [email protected]

About Monarch Private Capital

Monarch Private Capital manages ESG funds that positively impact communities by creating clean energy, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit investments for affordable housing, historic rehabilitations, renewable energy, cinema and other qualified projects. Monarch Private Capital maintains long-term relationships with institutional and individual investors, sponsors and lenders who participate in these types of federal and state programs. Based in Atlanta, Monarch has offices and professionals located across the United States

[1] “Renewable energy has become the second most common source of electricity in the United States in 2020.” Homepage – US Energy Information Administration (EIA), July 8, 2021, https://www.eia.gov/todayinenergy/detail.php?id=48896.

[2] “Fact Sheet: President Biden Signs Executive Order Catalyzing America’s Clean Energy Economy Through Federal Sustainability.” The White House, United States Government, December 13, 2021, https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/08/fact-sheet-president-biden-signs-executive – order-catalyzing-the-americas-clean-energy-economy-through-federal-sustainability/.

Jane Rawedie Monarch Private Capital 4702838431 [email protected]

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