Sidley represented Atlantic Power & Utilities in its sale to Pacolet Milliken, LLC (“Pacolet”) of 100% of the equity interests in Piedmont Green Power, a project company that owns a 55 MW biomass-fired power plant, located in Barnesville, Georgia. The Piedmont project utilizes approximately 600,000 tons of woody biomass feedstock annually, 100% of which is wood waste. Piedmont qualifies as a source of renewable power under federal and state standards and sells renewable energy credits on the open market. The company achieved commercial operations in 2013 and sells power to Georgia Power under a long-term power purchase agreement.
The Sidley team was led by partner Noreen Phelan (Energy and Infrastructure) and senior managing associate Nikita Ponomarev (M&A). Additional assistance was provided by partners Tara Higgins, Terence T. Healey (both Energy and Infrastructure), Robert L. Golub (Real Estate), and Hagai Zaifman (Tax); as well as by associates Curtis Hart (Energy and Infrastructure) and Mitchell Li (Tax).
