NEWS RELEASE
MARCH 16, 2015
GREEN LAKE CAPITAL IS NOW AHANA RENEWABLES
Atlantic Tele-Network acquires Alternative Energy Investment Company
San Francisco, CA (March 16, 2015) - 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.
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