Open Mountain Energy closes on $21M Tax Equity Transaction with Monarch Private Capital

Monarch Capital
In the News • February 25, 2023

In May 2022, Open Mountain Energy LLC closed on a $21M Tax Equity transaction with Monarch Private Capital for its Star Peak Geothermal project in Imlay, Nevada. Star Peak is a 12.5 MW steam and binary geothermal power plant. Star Peak has executed a PPA with SCPPA and achieved commercial operations in September 2022. Monarch Private Capital serves as the manager of ESG focused funds, providing investors with ESG related investment opportunities in renewable energy, affordable housing and historic rehabilitation funds. Monarch is known for developing customized structuring solutions enabling its fund investors to participate in defining investment parameters to meet their unique ESG, financial, tax, and treasury objectives.