Akin Gump Advises Macquarie Capital in Launch of Calibrant Energy Joint Venture

(New York) – Macquarie’s Green Investment Group (GIG), and Siemens’ Smart Infrastructure and Financial Services groups have announced the formation of Calibrant Energy, a joint venture offering comprehensive onsite Energy as a Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.

A team from Akin Gump advised the Green Investment Group, part of Macquarie Group, in the transaction. GIG is a specialist developer, sponsor and investor that makes new green infrastructure investments and develops new projects.

Calibrant will use an EaaS model to build onsite energy solutions that seek to deliver immediate cost savings, cost certainty, resilience and low-cost energy grid augmentation. Its technologies will include solar, integrated solar-battery solutions, hybrid systems, standalone batteries, microgrids, combined heat and power, and centralized heating and cooling infrastructure upgrades.

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Akin Gump global project finance partner Greg Lavigne led the team advising Macquarie.

Partners John Marciano and Sam Kamyans (tax), Chip Cannon (regulatory), Matt Kapinos (project documents), Davina Garrod (international antitrust work) and Christian Davis (CFIUS) contributed to the transaction. The team was also supported by senior counsel Porter Wiseman, counsel Simon Stevens, Randy Dorf, Kim Rowe, Scott Pettifor and Katherine Padgett, and associates Sebastian Casselbrant-Multala, Sharanyaa Kruti-Vasan and Marcela Varela-Sisley.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75

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