On: January 10, 2019 In: Press Releases

Capital Power Corporation has closed on a tax equity investment from J.P. Morgan for its 99MW project, New Frontier Wind, in North Dakota. 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:

Gary Durden
Managing Director
gary.durden@cohnreznickcapital.com

Nick Knapp
Senior Managing Director
nick.knapp@cohnreznickcapital.com

For the full press release, please click here.

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 approximately 5,100 megawatts (MW) of power generation capacity at 25 facilities across North America. Approximately 900 MW of owned generation capacity is in advanced development in Alberta and Illinois.

About Us

At CohnReznick Capital, we provide superior investment banking services to the sustainability sector.  Since 2008, we have executed more than 125 project and corporate transactions for renewable energy assets valued at over $19 billion in aggregate. As the #1 ranked Renewable Energy Financial Adviser by IJ Global Magazine, we deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts help 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 https://www.cohnreznickcapital.com, follow @CR_Capital on Twitter, and connect with us on LinkedIn.