Financial closing for tax equity and debt transactions has occurred for Scout Clean Energy’s Gonzaga Ridge Wind Project in Merced County, California. The debt facilities include a construction loan, a transfer bridge loan, and a letter of credit facility. Proceeds will be used to fund construction of the 147.5 MW wind repowering project, which revitalizes the original 18 MW Gonzaga Ridge wind farm built in the 1980s.
Latham & Watkins LLP advised Scout Clean Energy in the transaction with a Project Development & Finance team led by New York partners Kelly Cataldo and Matthew Henegar. The Project Development & Finance team included associates Randon Herrera, Deborah Ogali, Josh Podolsky, Tianyu Wang, and international visiting associate Giancarlo Carrazza, with assistance from Cleo Chang. Advice was also provided on tax matters by New York partner Eli Katz, with associates Andrea Herman and Molly Elkins; on energy regulatory matters by Washington, D.C. partner Tyler Brown and counsel Jamie Blackburn; on environment, land, and resources matters by Orange County/Washington, D.C. partner Nikki Buffa and San Diego partner Jennifer Roy, with associates Samantha Yeager and Brian McCall; on derivatives matters by New York partner Carlos Alvarez, with associate Jim Lambert; on insurance matters by San Diego/Los Angeles counsel Hannah Cary; and on real estate matters by San Diego counsel Achraf Farraj.
