Green Lake Capital is Now Ahana Renewables
March 16 2015 - 6:00PM
Green Lake Capital, which in December was acquired by Atlantic
Tele-Network (Nasdaq:ATNI), is now Ahana Renewables.
San Francisco-based Ahana is an owner and operator of commercial
distributed generation solar power systems in Massachusetts,
California and New Jersey. The company has 28 unique commercial
solar projects with an aggregate 47 megawatts of electricity
generating capacity. Customers include strong credit counterparties
including corporations, utilities, schools, and municipalities.
"With greater flexibility and increased capital resources, Ahana
Renewables will now expand on how and where we invest," said
Managing Director Jason Tai. "In the last five years, we've built a
high-credit, multi-state portfolio of commercial solar projects.
Ahana will now build on that foundation to develop and acquire
solar projects as well as new types of renewable energy projects.
We will be expanding both our geographic footprint and our customer
base."
Ahana is built around a team with deep financing and alternative
energy knowledge. It is one of only a few companies in the United
States that has experience in the full life-cycle of a solar
project, from development, financing and construction to owning,
operating, and monetizing across multiple geographic markets. The
Company has developed a financing platform that will increase
project velocity and minimize transaction costs. Leveraging ATN's
geographic reach and financial resources, Ahana may also explore
investment in a broader range of alternative energy projects.
Marvin Tien, Managing Director said, "The commercial alternative
energy market is fragmented, but growing rapidly. With a new
mandate that encourages flexibility and provides Ahana with access
to a depth of financial resources, we are extremely well positioned
to take advantage of emerging opportunities in a dynamic industry.
Ahana will look beyond solar, and we will consider projects with
similar credit-risk profiles and cash flow characteristics."
More information is available at: www.ahanarenewables.com
About Ahana Renewables
Ahana Renewables is a specialized investment firm focused on
alternative energy and long-lived real assets. The company brings
its experience to various infrastructure asset classes,
capitalizing on bankable technology and strong project
fundamentals. Ahana Renewables' core expertise lies in deal
sourcing, public/private contract negotiations and financial
structuring to take controlling, owner/operator positions in
projects and portfolios. Headquartered in San Francisco with
offices in Massachusetts and New York, the company currently
operates a $220M portfolio with electric production capacity of 47
megawatts.
About Atlantic Tele-Network
Atlantic Tele-Network, Inc. (Nasdaq:ATNI), headquartered in
Beverly, Massachusetts, provides telecommunications services to
rural, niche and other under-served markets and geographies in the
United States, Bermuda and the Caribbean and owns and operates
solar power systems in select locations in the United States.
Through our operating subsidiaries, we (i) provide both wireless
and wireline connectivity to residential and business customers,
including a range of mobile wireless solutions, local exchange
services and broadband internet services, (ii) provide distributed
solar electric power to corporate, utility and municipal customers
and (iii) are the owner and operator of terrestrial and submarine
fiber optic transport systems. For more information, please visit
www.atni.com.
CONTACT: Jason Tai
Managing Director
(415) 426-3576
Marvin Tien
Managing Director
(310) 963-8087
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