Radial Power, an affiliate of energyRe and Lotus Infrastructure Partners, has announced the closing of a US$355 million debt and tax equity financing with Goldman Sachs, to support the development, construction, and operation of approximately 214 megawatts (MW) of distributed solar capacity across 106 projects nationwide. The financing utilizes Goldman’s End-to-End Distributed Generation financing structure to provide a single source of third-party funding for the portfolio.
Latham & Watkins LLP advised Radial Power in the debt and tax equity financing, with a Project Development & Finance team led by New York partner Kelly Cataldo. Finance advice was provided by associates Sharon Ho* and Yian Wang, and with assistance from Sophie Crichton and Henrique Pinheiro. Advice on tax matters was provided by Houston partner Jim Cole, with associate Jacob Nagelberg. Advice on derivatives matters was provided by New York partner Yvette Valdez, with associates Jim Lambert and Naffie Lamin. Advice on energy regulatory matters was provided by Washington, D.C. partner Tyler Brown, and counsel Jamie Blackburn.
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