Sol-Wind Files for IPO

The underwriters for the offering are UBS Investment Bank and Citigroup.

The company is a growth-oriented limited partnership formed with the intent to own, acquire, invest in and manage operating solar and wind power generation assets. These assets generate power for retail, municipal, utility and commercial customers under long-term power purchase agreements or similar contracts that generate stable, long-term contracted cash flows.

As a master limited partnership (MLP), Sol-Wind’s objective is to pay a consistent and growing cash distribution to its unitholders on a long-term basis. On completion of this offering, the company will acquire from its general partner equity and debt interests in a diversified portfolio of 184.6 megawatts (MW).

A few favorable trends are expected to contribute to significant growth in the renewable energy industry, particularly from regional and local developers of renewable energy projects that are not associated with large utilities or energy firms. Sol-Wind intends to take advantage of favorable trends in the energy industry, including:

• The continued construction of renewable energy assets to supplement existing and aging energy infrastructure
• Demand for renewable energy required to meet U.S. state renewable portfolio standards
• Availability of U.S. and overseas government incentives and programs to support development of clean energy
• The rapid growth in non-utility customer demand for attractively priced renewable energy generation at a
  commercial or residential customer’s point of delivery
• Improvements in solar and wind technological and operational efficiencies
• Environmental concerns regarding conventional energy generation

The proceeds from this offering are expected to be used to for working capital and general partnership purposes. The remainder of the proceeds will be used to pay fees and expenses associated with the company’s formation. The proceeds will also be used to repurchase an equal number of units from the company’s general partner, 40 North.

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