Press Release: Marathon Capital : Coronal Energy Closes Nearly Quarter Billion Dollars in Financing for Gulf Coast Solar Center Portfolio

Today Coronal Energy, a leading independent power producer focused on utility-scale solar and storage projects, announced that it has closed $235 million in total financing, which includes tax equity and debt, for its Gulf Coast Solar Center portfolio. The Gulf Coast Solar Center is a 120-MW, three-site portfolio in Northwest Florida built for Gulf Power in cooperation with the U.S. Navy and U.S. Air Force. Finance partners include Marathon Capital, which served as Coronal's exclusive financial advisor for placement of the tax equity funding for the portfolio, U.S. Bankcorp Community Development Corporation (USBCDC), and Sumitomo Mitsui Banking Corporation (SMBC).