Kirkland & Ellis advised Vineyard Wind 1, LLC, a joint venture offshore wind development company that is 50% owned by funds of Copenhagen Infrastructure Partners and 50% by Avangrid Renewables, on the closing of a first-of-its-kind tax equity package for commercial-scale offshore wind with three U.S.-based banks. The $1.2 billion dollar investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.
Vineyard Wind 1 is an 800 MW project located 15 miles off the coast of Martha’s Vineyard and will be the first commercial scale offshore wind project in the United States.
The Kirkland team was led by debt finance partners Rob Eberhardt and William Nicholson and tax partners Mike Masri and Sophia Han, with debt finance associates Vinicius Beraldo and Will Haslun.
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.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe 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
