Karbone Capital Markets Advises on Arizona Tax Equity Raise

Karbone Events, News

The development arm of a tribe-owned utility company has hired a boutique investment bank for a tax equity raise to finance the expansion of an operating solar project in Arizona.

Karbone Capital Markets is looking looking to raise $13.3 million for the pre-construction 27 MW Kayenta II facility in Navajo County, which is owned by NTUA Generation. NTUA Generation is the project development arm of Navajo Tribal Utility Authority, America’s largest tribally owned and operated utility company.

Read more at Power Finance and Risk

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