IGS Solar partners with investment firm to deploy large scale residential solar PPAs

IGS Solar and Marathon Capital have closed an approximately $145 million tax equity capital partnership with an undisclosed tax equity investor to finance solar generation assets for homeowners throughout the United States.

This partnership is expected to deploy an initial portfolio of approximately 4,000 residential solar power purchase agreements (PPAs) in the northeastern United States.

Marathon acted as exclusive financial advisor to IGS Solar in arranging the equity capital commitment and the partnership’s tax equity capital commitment.

IGS Solar is the solar development affiliate of the retail electricity and gas provider IGS Energy.