Karbone Capital Markets recently closed a tax equity transaction on behalf of its client, Aspenall Energies (Delaware), LLC (hereinafter 'Aspenall'). ITOCHU Corporation and Tyr Energy, Inc. agreed to provide tax equity financing for Aspenall's 30MW Kimball Wind and 13MW South Fork projects respectively located in Kimball County, Nebraska and Jackson County, Minnesota.   

South Fork, which reached commercial operation in November 2016, operates under a 20-year offtake agreement with Muscatine Power & Water. Kimball sells power under a similar contract with the Municipal Energy Agency of Nebraska and reached commercial operation in May 2018.

Karbone Capital Markets is pleased to have advised Aspenall on this meaningful transaction and hopes to assist on future deals as the company grows its renewable platform.

"We are excited to expand our relationship ITOCHU and Tyr as we continue to expand our portfolio of wind and solar assets in the US Market," said John Brown, Chief Development Officer with Aspenall.

Aspenall Energies | http://www.aspenall.com/

Treehouse Investments | http://www.treehouseinvestments.com/

ITOCHU | https://www.itochu.co.jp 

Tyr Energy I http://www.tyrenergy.com/