Akin Gump Advises Spruce Finance in Residential Solar Asset Acquisition

(Los Angeles) – Spruce Finance, the largest private owner and operator of residential solar assets in the United States, has completed its most significant solar portfolio acquisition to date. A team from Akin Gump advised Spruce Finance in the transaction.

Spruce purchased 5,864 rooftop solar assets totaling 31.3 megawatts (MW) from funds managed by Atalaya Capital Management LP. The acquisition, which closed December 23, 2019, expands Spruce’s solar portfolio to more than 180 MW. Financial terms were not disclosed.

Akin Gump global project finance co-head Dan Sinaiko led the team advising Spruce Finance. He was joined by counsel Nertila Qenani and associate Nicole Scott.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

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