Monarch Private Capital has announced the financial closing of an investment in a 450-megwatt wind-project portfolio consisting of nearly 200 repowered wind turbines located in west Texas. The projects are expected to generate production tax credits (PTCs) based on the ongoing energy production of the wind turbines.
Monarch has supported investment in renewable energy projects totaling $2 billion in development costs through tax-equity financing. The Texas wind energy projects are fully operational, bringing the firm’s total clean power generation capacity to 1.4 GWdc with 220 facilities across 23 states.
“With this closing, Monarch extends its renewable energy footprint into the state of Texas while expanding our depth of tax equity expertise into wind energy and production tax credits,” said Jonathan Gross, director of renewable energy development at Monarch. “Wind power is an efficient, cost-effective, sustainable energy source and critical to the success of