Akin Gump Advises Excelsior Energy Capital in Solar Project Acquisition
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(Los Angeles) – Excelsior Energy Capital, a leading independent North American renewable energy investor, has announced that its North American Renewable Energy Fund has closed on the acquisition of 100 percent of Grupo T-Solar Global USA Inc.’s sponsor equity interests in the 25 MWDC El Centro Solar Project, located in El Centro, California. A team from Akin Gump advised Excelsior in the deal.
The project benefits from an operating track record of more than five years, having begun operations in December 2013. It also has a 25-year power purchase agreement with the Imperial Irrigation District, with a remaining contract term of just under 20 years.
Daniel Lynch, counsel in the global project finance practice at Akin Gump, led the team advising Excelsior. He was joined by corporate associate Michelle Marshall. Others involved include global project finance partner Thomas Dupuis and associates Ramin Mohammad, Nolan Thomas and Nicole Scott; corporate partner Terrence Allen; environment and natural resources senior counsel Andrew Oelz; and labor and employment partner Brian Patterson.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 attorneys in offices throughout the United States, Europe, Asia and the Middle East.
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