BrightNight, a leading next-generation power and digital infrastructure company, together with its joint venture partner, Cordelio Power, a leading North American developer, owner, and operator of renewable power facilities, announced the achievement of financial close for Pioneer Clean Energy Center, a 300 MWac solar plant combined with a 300 MW / 1,200 MWh battery energy storage facility in Yuma, Arizona. Developed to fulfill the obligations of a long-term tolling agreement with a local utility, Pioneer will deliver reliable, dispatchable energy to support Arizona’s growing electricity needs.
Latham & Watkins represents BrightNight and Cordelio in the financing with a project finance team led by New York partner Cameron Lyons, with associates Nicole Goldman, Emma Green, and Josh Podolsky. Advice was also provided on tax matters by New York partner Eli Katz, with associates Andrea Herman and Tessa Young; energy regulatory matters by Washington, D.C. partner Tyler Brown and on derivatives matters by New York partner Carlos Alvarez, with associates Jim Lambert and Adam Fovent.
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