March 20, 2020

CohnReznick Capital Advises Tyr Energy in Raising Tax Equity for the 30MW Kimball Wind and 13MW South Fork Wind Projects

Tyr Energy, a wholly owned subsidiary of ITOCHU Corporation and a leading investor and developer of North American IPP projects, announced that the company closed on the tax equity financing for the 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.

CohnReznick Capital is pleased to have advised Tyr Energy on this transaction which further expands its presence in the US renewable energy sector with an increased focus on origination and development activities in solar, wind, battery, and other renewable energy sources.

Ignacio Ibarguren, Senior Director of Business Development at Tyr, said, “It was a pleasure to work with CohnReznick Capital’s advisory group on this transaction. Their expertise was clear to see throughout the entire process.”

Michael Tatarsky, Director at CohnReznick Capital, said, “Tyr has significant experience across the US renewables value chain, and we are thrilled to support the company as they continue to make investments that further both Tyr’s and ITOCHU’s sustainability objectives.”

For additional details on this transaction, please contact:
Michael Tatarsky, Director

About Tyr Energy

Tyr Energy is an investor in and developer of North American independent power projects (IPPs) and represents the North American cornerstone of the I.TOCHU Corporation global IPP strategy. Tyr Energy’s mission is to be a committed owner of generation assets in the North American IPP market, recognized and respected for the creativity and integrity of our staff, the success of our business and the quality of our IPP investments and developments. Tyr Energy brings value to IPP investment opportunities through the involvement of a creditworthy, committed parent and investment partners; the availability of an experienced acquisition, development, origination and asset management team; and a disciplined focus on target markets, customers and assets consistent with our growth strategy.

About Us

At CohnReznick Capital, we provide superior investment banking services to the sustainability sector. Since 2008, we have executed more than 155 project and corporate transactions for renewable energy assets valued at over $20.5 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 , follow @CR_Capital on Twitter, and connect with us on LinkedIn.