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Monarch Private Capital has announced the financial closing of an investment in a 450MW wind project portfolio consisting of nearly 200 repowered wind turbines located in west Texas, USA.
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 US$ 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 GW with 220 facilities across 23 states.
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