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Vinson & Elkins represented Energy Vault Inc. in an approximately $28 million loan and subsequent note purchase in connection with the financing of the Calistoga Resiliency Center project, a hybrid hydrogen and battery energy storage and hydrogen fuel cell electrical power generation facility located in Calistoga, California and capable of delivering 8.5 MW peak power and 293 MWh over a 48-hour period without refueling while generating.

Vinson & Elkins advised Encore Redevelopment, LLC (“Encore”) as lead counsel in the tax equity/preferred equity financing, and construction, term loan and development debt financing of a portfolio of approximately 100.843 MWdc of solar generating facilities and 6.993 MWac energy storage facilities located in Colorado, Illinois, Maine, Michigan, New Hampshire, New York, New Mexico, Pennsylvania, Virginia, and South Carolina.

Vinson & Elkins represented HF Sinclair Corporation (“HF Sinclair”) in the issuance of $1.4 billion aggregate principal amount of senior notes, consisting of $650 million aggregate principal amount of 5.750% Senior Notes due 2031 (the “2031 Notes”) and $750 million aggregate principal amount of 6.250% Senior Notes due 2035 (the “2035 Notes,” and together with the 2031 Notes, the “Notes”) in a registered offering.

Vinson & Elkins advised Ridgewood Infrastructure, LLC in the successful formation of Ridgewood Water & Strategic Infrastructure Fund II, L.P. with total commitments of $1.2 billion, surpassing its initial $1 billion target fundraise.

Vinson & Elkins advised affiliates of Brookfield Asset Management Ltd. in connection with a preferred equity commitment to Origis USA (a portfolio company of Antin Infrastructure Partners).

Vinson & Elkins is advising Palmetto Solar, a leading climate technology company accelerating the adoption of clean energy, in connection with a project to facilitate the installation of residential solar and battery storage systems for disadvantaged Puerto Rican households.

Vinson & Elkins advised EnCap Investments L.P. in the successful formation of EnCap Energy Transition Fund II with total commitments of approximately $1.5 billion.

Vinson & Elkins represented MN8 Energy LLC, one of the largest renewable energy producers in the United States, in its private placement (the “Private Placement”), with gross proceeds of $325 million from the issuance and sale of shares of the Company’s convertible preferred stock

Vinson & Elkins advised Southwest Airlines Co. in the acquisition of SAFFiRE Renewables, LLC as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV).

A Vinson & Elkins team led by Partner Sarah Morgan is working with the Greater Houston Partnership, through its Houston Energy Transition Initiative (HETI), on a pathbreaking initiative designed to foster the development of commercial-scale, renewable energy technology.

Vinson & Elkins advised Stonepeak in the acquisition of an interest in a portfolio consisting of four US onshore wind farms with a total capacity of 957 MW from Ørsted.