Sidley represented Nexus Renewable Power in securing US$220 million of project-level financing for its Goody solar and storage project in Lamar County, Texas. The financing included a preferred equity commitment from Goldman Sachs and tax credit purchase arrangements with a corporate investor. Sidley also represented Nexus in connection with the execution of a long-term power offtake agreement with Meta. The financing will support construction of the 172 MW solar and 237 MW storage facility.
The Sidley financing team was led by Chris Hutchison (Energy & Infrastructure) and Hagai Zaifman (Tax), with assistance from Divya Rao, Jennifer Waclawik, and Marcela Varela, along with support from Noreen Phelan and Scott Goldstein.
The Sidley offtake team was led by Jessica Adkins (Energy & Infrastructure) with assistance from Caroline Abbott.
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