Akin Advises Excelsior Energy Capital on $1.3 Billion Project Financing for Faraday Solar Project
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(Los Angeles, Houston and New York) – Akin advised Excelsior Energy Capital, a leading independent North American renewable energy investor, in the $1.3 billion financing package for the Faraday Solar project in Utah County, Utah. Akin also represented Excelsior in its acquisition of Faraday Solar, a 682.5 MW ground-mounted solar facility, earlier this year from Parasol and Clenera.
The Faraday investment represents the largest investment made by Excelsior’s first flagship fund, Excelsior Renewable Energy Investment Fund I.
The Akin team was led by projects & energy transition partners Dan Lynch, Ike Emehelu and Shariff Barakat. They were joined by projects & energy transition partners Matt Kapinos and Tom Dupuis; corporate partner Chip Cowell; energy regulatory partner Stephen Hug; investment management partner Blayne Grady; energy regulatory senior counsel Scott Johnson; projects & energy transition counsel Jody Novak and Brad Warner; energy regulatory counsel Ben Reiter and projects & energy transition associates Therese Detablan, Emily Grassett, Calvin McKnight, Natalia Negret, Chinelo Ojike and Andrew Stubbs.
More details on the transaction can be found here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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