Kirkland & Ellis represented Apex Clean Energy in its agreement with ERG, a leading European renewable energy producer, for the partial sale of a portfolio of operating clean energy assets in the United States. Apex will continue to own a 25% stake in the portfolio and manage the operations of the facilities, with ERG acquiring a 75% stake. The portfolio—the first in a series that will support Apex’s capital recycling program—includes 224.4 MW Great Pathfinder Wind in Iowa and 92.4 MW Mulligan Solar in Illinois. The projects began commercial operations in February 2023 and July 2022 respectively. The two assets benefit from tax equity investments and long-term power purchase agreements with market-leading counterparts.
The Kirkland team was led by corporate partners Robert Goodin and Alec Manzer and debt finance partners Rohit Chaudhry and Leila Ravi, along with corporate associates Austin Johnson and Mohammad Alkadhem; tax partners Michael Masri and William Dong and associate Julia Ye; debt finance partner William Nicholson; and energy regulatory partner Drew Stuyvenberg.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
