News & Achievements

Avangrid and Vitol Reach Landmark Transfer Agreement for $100 Million of Production Tax Credits

Deals & Cases

Vinson & Elkins advised Vitol Inc. in a landmark transfer agreement with Avangrid, Inc. for an estimated $100 million of 2023 production tax credits from eight operating wind farms, totaling 1,134 megawatts of generating capacity.

The agreement marks one of the largest publicly announced deals to-date since the passage of the Inflation Reduction Act.

The Vinson & Elkins team was led by partners Michael Joyce and Lauren Collins, with assistance from senior associate Anastasia Arsenio and associates Jeff Slusher, Viki Vozarova and Sarah McIntosh.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

For more information, please speak with our media contacts.

Discover our latest:

Insights

CLE Events

Sixth Annual Navigating the Annual Meeting and Reporting Season 

Join leading practitioners and industry voices for a timely discussion of the legal, regulatory, and governance developments shaping the next proxy season.

November 11, 2026

November 11, 2026 • 1-minute read

Navigating Series Background Decorative Image

Events

Peter Bergan to Moderate Panel at TMT Finance USA 2026

Partner Peter Bergan will moderate a panel at TMT Finance USA 2026 on October 6 titled “How is Datacenter Powered …

October 6, 2026

October 6, 2026 • 1-minute read

CLE Events

Texas Reincorporation 101: Recent Developments and Key Considerations for Boards

Join Vinson & Elkins and FTI Consulting for a webinar on the growing trend of companies reincorporating to Texas.

October 1, 2026

October 1, 2026 • 1-minute read

CLE Events

Financing and Bankability of Data Center Projects

This program will examine the key legal and commercial considerations for financing data center projects, with a focus on what makes these projects bankable for lenders and investors.

September 29, 2026

September 29, 2026 • 1-minute read

Events

Paige Anderson to Speak on BARBRI Webinar

Partner Paige Anderson will speak on BARBRI’s live video CLE program, “Mastering Public and Private REITs: Key Tax, Structuring, Financing, …

September 22, 2026

September 22, 2026 • 1-minute read

News & Achievements
V&E

Get in Touch

Thoughts or questions? Send us a note, and we’ll connect you with the right person.

The ESG GC: How Your Role as Chief Legal Officer is Integral To Your Company’s ESG Efforts Background Image