LOS ANGELES and WASHINGTON, D.C. – Sept. 21, 2022 – Global law firm Greenberg Traurig, LLP helped client Clēnera to close on construction and tax equity financing for the 105 MW DC Apex Solar project located in Beaverhead County, Montana.
The transaction has been reported as one of the only large utility scale solar sale-leaseback in the market. Simultaneously Greenberg Traurig is representing Clēnera in a construction loan from Bank of America and NORD/LB, a German bank active in renewable energy financing in Europe and the United States, to fund the project through a construction loan. Huntington National Bank will provide long-term financing via sale and leaseback tax equity financing for Apex Solar following commercial operations.
The Greenberg Traurig deal team was led by Jeffrey A. Chester, co-head of the firm’s Energy Project Finance & Development Practice, and John Eliason, global co-head of the firm’s Energy Project Finance & Development Practice.
“We appreciate the trust Clēnera placed in our legal counsel and look forward to working with them further,” Chester and Eliason said.
Clēnera, an Enlight company, acquires, build, develops, and manages energy storage facilities and utility-scale solar farms throughout the United States. Clēnera has developed and built over 1.6 GWdc of solar projects and provides long-term management of those projects.
The Greenberg Traurig team also included Chicago Shareholder Alejandra Garcia Earley, Boston Shareholder Gregory K. Lawrence, Atlanta Shareholder Christine M. Steenman, Chicago Of Counsel Daniel D. Balys, Houston Associate Kristen E. Bollinger, Chicago Associate Keyon Brown, and Washington, D.C. Associate Braxton T. Roam.
About Greenberg Traurig’s Energy & Natural Resources Practice: Greenberg Traurig’s Energy & Natural Resources Practice has broad transactional, regulatory, and litigation experience across most sectors of the energy industry, including oil and gas, LNG, electricity, coal, wind, solar and other renewable energy sources, and water. The firm’s exceptional multi-office platform, including key offices in major energy centers, enables us to serve and implement legal strategies for energy clients throughout the U.S. and internationally.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ 250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm’s U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com