GreenStruxure and ClearGen Announce Strategic Partnership to Accelerate Energy Transition for Commercial and Industrial Customers
Vinson & Elkins advised Blackstone Credit in connection with a strategic partnership between GreenStruxure, a joint venture of Schneider Electric and Huck Capital, and ClearGen, a Blackstone portfolio company, that will accelerate the ability for commercial and industrial customers to transition to cost-effective, sustainable and resilient energy. Through this partnership, GreenStruxure will develop and operate highly standardized on-site renewable energy microgrid systems. ClearGen will provide the capital to develop the assets through a $500 million commitment of long-term capital provided by funds managed by Blackstone.
The V&E corporate team was led by partners Alan Alexander, Michael Joyce and Matt Falcone, with assistance from senior associate Yong Eoh and associates Caroline McDonald, Richard McNulty and Carly Goodson. Also advising were partners Todd Way and Sean Moran and counsel Debra Duncan and Mary Alexander; counsel Damien Lyster and associate Michael Carroll; and associate Briana Falcon.
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