Capital Power Corporation (TSX: CPX) has closed on a tax equity investment from two U.S. financial institutions for its 150MW Cardinal Point project, located in McDonough and Warren Counties, Illinois. The financing structure provides for the efficient monetization of tax credits and accelerated depreciation benefits while allowing Capital Power Corporation to recycle a portion of the capital used to develop and construct the project.
CohnReznick Capital is pleased to have advised Capital Power Corporation on this transaction, which brings together constructive streamlined capital and helps further the growth of the renewable energy market in the U.S.
For additional details on this transaction, please contact:
About Capital Power Corporation
Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns over 6,400 megawatts (MW) of power generation capacity at 28 facilities across North America. Approximately 630 MW of owned generation capacity is in advanced development in Alberta.
At CohnReznick Capital, we provide superior investment banking services to the sustainability sector. Since 2008, we have executed more than 160 project and corporate transactions for renewable energy assets valued at over $20.6 billion in aggregate. We are wholly committed to the clean energy transition and deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts helps our clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising and special situations. To learn more, please visit www.cohnreznickcapital.com, follow @CR_Capital on Twitter, and connect with us on LinkedIn.