Profile
Eric Macaux focuses his practice on renewable energy and energy transition transactions, with an emphasis on advising project sponsors, developers, and investors on joint ventures, project and corporate debt and equity financings, and the acquisition and sale of energy projects and project portfolios. His deep experience in the renewable energy and sustainability space includes work on solar, wind (offshore and onshore), energy storage, electric vehicles (EVs) and EV charging, waste-to-energy, biogas, biofuels, energy-as-a-service, and distributed water treatment.
Eric concentrates much of his work on projects involving distributed energy assets, including novel structures for financing and deploying assets at scale. In addition to deep energy finance experience, Eric has a broad understanding of the critical commercial arrangements associated with energy projects, including power purchase and utility credit agreements, as well as fuel supply agreements, REC contracts, EPC agreements, operation and maintenance agreements (O&M), asset management agreements, and site leases and easements.
In the emerging technology space, Eric advises cutting-edge energy storage, energy generation, and sustainable technology clients and investors on corporate and commercial matters, including corporate financings and mergers and acquisitions. He also advises public and private companies on the adoption and implementation of ESG policies and goals.
Concentrations
- Renewable energy and energy storage projects
- Energy project M&A and finance
- Electric vehicles and EV deployment models
- Joint ventures
- Water and sustainable infrastructure
- Emerging and growth companies
Capabilities
Experience
- Represented a global real estate asset owner and investment company with respect to broad decarbonization program, including the deployment of solar and solar+storage assets in the U.S.
- Represented the solar development arm of a global asset manager with respect to its acquisition of multiple portfolios of distributed solar projects in the United States, totaling over 245 MW.°
- Represented EnBW North America with respect to its offshore wind joint venture with TotalEnergies (Attentive Energy LLC), which successfully bid for a lease in the BOEM auction for the New York Bight lease area.°
- Represented EnBW North America with respect to an offshore wind joint venture with TotalEnergies (Castle Wind), which is poised to participate in the BOEM lease auction for the Morro Bay (CA) lease area.°
- Represented EnBW in the sale of EnBW North America to TotalEnergies.°
- Represented FirstLight Power with respect to its investment in Invenergy Wind Offshore LLC, which successfully secured a lease in the BOEM auction for the New York Bight lease area.°
- Represented Enel Green Power with respect to its acquisition of the Lily Solar Project (148 MW solar + 50 MWh battery) in Texas.°
- Represented EcoSmart Solutions, an affiliate of global real estate investment firm Taurus Investment Holdings, with respect to the national roll-out of its business to partner with home developers to build large, planned communities of zero net energy homes, including in Whisper Valley, Texas.°
- Represented a leading community solar project developer and originator in New York with respect to the sale of multiple solar project portfolios.°
- Represented Ahana Renewables, formerly a subsidiary of ATN International, with respect to a $65.8 M debt refinancing of its U.S. solar assets with legal and general insurance, including refinancing multiple back leverage facilities and early, partial, take-out of tax equity.°
- Represented Brightcore Energy Holdings, an alternative energy, energy storage, and energy efficiency developer and asset owner, with respect to corporate financings, project M&A, and project developments.°
- Represented Building Energy, the former solar development arm of Aretex Capital, with respect to its acquisition, development, and sale-leaseback financing of the 17 MW Annapolis Solar project, which at the time was the largest landfill-sited solar project in the United States.°
- Represented Building Energy with respect to mezzanine and debt financing of a portfolio of wind and solar projects located in New York and Iowa.°
- Represented Gaelectric Holdings with respect to its sale of the 235 MW Jawbone wind project to Seventus, the renewable energy arm of Suzlon.°
- On behalf of a biogas developer, negotiated term financing for a 4.5 MW landfill gas-to-energy project in Washington, and negotiated key project documents, including PPAs, REC agreements, and O&M contract.°
- Represented Zeem Solutions, an EV fleet-as-a-service and charging services company, with respect to charging services agreements.
- Represented a global real estate asset owner and investment company with respect to charging installation and services agreements at US properties.
- Represented Nuvve Corporation (NASDAQ: NVVE), an EV charging-as-a-service company, with respect to its $750 M joint venture with Stonepeak Infrastructure Partners.°
- Represented Infrared Capital Partners, a UK-based private equity infrastructure fund, with respect to its $110 M investment in Hecate Grid, a joint venture with Hecate Energy to own and operate grid-scale battery storage systems in the United States and Canada.°
- Represented Enel Green Power with respect to its acquisition of the Lily Solar Project (148 MW solar + 50 MWh battery) in Texas.°
- Represented VionX Corporation, a flow battery technology company, with respect to initial commercial sales and utility-scale project deployments.°
- Represented Spring Lane Capital in its $25 M investment in Aries Clean Energy, a waste gasification company.°
- Represented an equity club led by WindSail Capital with respect to its investment into Vonore Fiber Products, a waste-to-product joint venture with Genera, Inc.°
- Represented Cambrian Innovation, Inc., a water treatment technology company, with respect to a $18 M joint venture with Spring Lane Capital to finance the development, ownership, and operation of distributed water treatment systems in the United States and Canada.°
- Represented EcoSmart Solutions, a joint venture of global real estate investment firm Taurus Investment Holdings and Shell New Energies, with respect to the national roll-out of its business to partner with home developers to build large, planned communities of zero net energy homes, including in Whisper Valley (outside Austin, TX).°
- Represented New Energy Capital with respect to its investment in the AltAir Paramount 3,000 bpd renewable jet fuel production facility.°
- Represented Massachusetts Clean Energy Center with respect to the construction and commercial operation of the Wind Technology Testing Center, the largest wind blade testing facility in North America.°
- Lead counsel to the developer of North America’s first marine commerce terminal purpose-built to support offshore wind projects, the New Bedford Marine Commerce Terminal.°
- Represented Gradiant Corporation, a leading water treatment technology company, with respect to multiple equity and debt corporate financings (including their recent $100M series C led by Warburg Pincus and Schlumberger New Energy), expansion to global markets (Asia, GCC), spinouts, and commercial matters. °
- Represented New York Green Bank and NYSERDA with respect to the New York Climate Progress investment program, which makes low-cost convertible note investments in New York clean energy companies impacted by the COVID pandemic.°
- Represented a privately held solar developer and asset owner in the sale of its business to a large private equity fund.°
- Represented Greentech Media, Inc. in the sale of its business to Woods Mackenzie (Verisk Analytics, Inc.).°
- Represented Natural Systems Utilities, a water reuse technology company, with respect to its equity financing with New Energy Capital and XPV Capital.°
°The above representations were handled by Mr. Macaux prior to his joining Greenberg Traurig, LLP.
- Massachusetts Clean Energy Center, 2010-2013
- Senior Director for Strategy and General Counsel, 2011-2013
- Deputy General Counsel, 2010-2011
Recognition & Leadership
- Listed, The Legal 500 United States, Finance - Project Finance, 2023
- Listed, Chambers USA Guide, Energy & Natural Resources, 2022-2023
- Listed, Boston magazine, "Top Lawyers - Energy Oil & Gas," 2022-2023
- Listed, Super Lawyers magazine, Massachusetts Super Lawyers Rising Stars, 2016-2017
- Judge, MIT Clean Energy Prize: Renewable Energy Track Grand Finals, 2016
Credentials
Education
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J.D., Georgetown University Law Center
- Member, Georgetown Journal of Legal Ethics
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A.B., summa cum laude, Washington University in St. Louis
- Phi Beta Kappa
Admissions
- Massachusetts