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John Eliason, Global Co-Head of Energy Project Finance, is a highly respected attorney in the field of tax equity. He has spent more than 20 years representing tax equity investors and developers, with a focus on renewable and alternative energy for the last decade. John has played a pivotal role in the advancement of the renewable energy market. His clients include major financial institutions (tax equity investors and infrastructure funds), solar, wind, and alternative energy developers, as well as leading equipment manufacturers.

John focuses his practice on advising tax equity investors, lenders, developers, and sponsors in the renewable energy space—particularly those relating to wind, solar, biomass, and other emerging technologies—with structuring and closing transactions that rely on federal and state tax incentives, like the Federal production tax credit (PTC), energy investment tax credit (ITC) and accelerated depreciation (MACRS and “bonus”).  John regularly advises clients implementing partnership flips, public/private partnerships, sale-leasebacks, and other structuring options. He also works with non-U.S. based pension and private equity funds investing in energy and infrastructure assets.  John’s practice includes representing clients in front of the Department of Treasury and the Internal Revenue Service.

Prior to practicing law, John founded an information management company based in Austin, Texas. He is also a veteran of the Texas Army National Guard.

Concentrations

  • Taxation
  • Corporate
  • Finance
  • Transactions
  • Investment management
  • Financial institutions
  • Transportation and infrastructure
  • Public private partnerships (P3)
  • Economic development and government incentives

Capabilities

Experience

  • Represented leading financial institution in tax equity investment in a 210 MW, $465 million wind farm in Illinois, structured as a “partnership flip.”°
  • Represented leading financial institution in $60 million tax equity financing of solar DG portfolio in Northeastern United States, structured as a “partnership flip.”°
  • Represented major financial institution in structuring and closing syndication of solar portfolio – the first renewable energy syndication by institution.°
  • Represented global energy provider in tax equity and debt financing of 400 MW portfolio of four wind repowering projects, structured as a “partnership flip.”°
  • Represented leading financial institution in $125 million tax equity investment in utility scale solar facility in Texas, structured as a “partnership flip.”°
  • Represented regional financial institution in creation and successful implementation of solar DG sale-leaseback program.°
  • Represented developer in tax equity and debt financing of 20 MW biomass project, structured as a “partnership flip.”°
  • Represented foreign infrastructure fund with acquiring “cash equity” components of solar portfolio.°
  • Represented global financial institution in a $290 million tax equity acquisition of a 127.8 MW wind farm in California, structured as a “prepay PPA.”°
  • Represented US private equity fund with acquiring $150 million JV interest in 3 residential solar portfolios.°
  • Represented US solar developer in creation and implementation of “start of construction” strategy supporting over 2 GW of project pipeline.°
  • Represented leading wind developer in $90 million tax equity financing of 35 MW wind farm in Maine, structured as a sale-leaseback.°
  • Represented solar developer in tax equity financing of portfolio of utility scale solar projects in Massachusetts – the first solar transaction for developer – structured as a “partnership flip.”°
  • Represented solar developer in first transaction of tax equity and debt financing for portfolio of solar projects in North Carolina, including state tax, structured as a “lease pass-through.”°
  • Represented developer in tax equity and debt financings of 70 MW biomass plant in Southeastern United States, structured as a “partnership flip.”°
  • Represented leading financial institution in tax equity investment in 300 MW solar project in California, structured as a “partnership flip.”°
  • Represented major North Carolina developer in federal tax equity, state tax equity, and debt financing of six utility scale solar facilities aggregating approximately 35 MW, structured as a “lease pass-through.”°
  • Represented leading sponsor in tax equity financing of 100 MW solar plus storage project in California, structured as a time-based “partnership flip.”°

°The above representations were handled by Mr. Eliason prior to his joining Greenberg Traurig, LLP.

Recognition & Leadership

  • Listed, Chambers USA, Renewables & Alternative Energy, 2018-2021
  • Listed, Chambers Global, Renewables & Alternative Energy, 2018-2021
  • Listed, Legal 500, Project Finance and Energy: Renewable/Alternative
  • Member, New York Bar Association, 1998-2021
  • Member, DC Bar Association 2012-2021
  • Member, Texas State Bar

Credentials

Education
  • LL.M., Taxation, New York University School of Law
  • J.D., Washington and Lee University School of Law
  • B.A., The University of Texas at Austin
Admissions
  • District of Columbia
  • New York
  • Texas