Vinson & Elkins advised Infinium in Project Roadrunner, a project to develop a Power-to-Liquids (PtL) eFuels facility in west Texas that will convert waste carbon dioxide and hydrogen produced from renewable power (i.e. “green” hydrogen) into sustainable aviation fuel (SAF) and other low carbon fuels, and also a $75 million project equity investment commitment from Breakthrough Energy Catalyst to support the development of Project Roadrunner.
Vinson & Elkins represented Enbridge (US) Inc. in a $1.2 billion transaction with Morrow Renewables for the purchase of seven operating U.S. landfill gas-to- renewable natural gas (RNG) facilities.
Vinson & Elkins advised Swift Current Energy in connection with the project financing for its 800 MWdc (593 MWac) Double Black Diamond Solar project.
Vinson & Elkins advised Lotus Infrastructure Partners in connection with the launch of NeuVentus, LLC.
Vinson & Elkins advised Swift Current Energy in the project financing for the 197 MW Castle Gap Wind project located in Mills and Lampasas Counties, Texas.
Vinson & Elkins advised an affiliate of Riverstone Holdings LLC as an investor in Infinitum’s $30 million additional growth capital round.
Vinson & Elkins advised ORIX Corporation USA in the completion of an equity investment by its Strategic Solutions group in a 150 MW wind power farm located near Amarillo, TX.
Vinson & Elkins advised SUSI Partners AG, a leading Swiss-based sustainable energy infrastructure fund manager, in connection with an agreement with SMT Energy LLC, an experienced developer and operator of renewable energy and energy storage projects in the U.S., to jointly develop, own and operate multiple battery energy storage systems in the United States.
Vinson & Elkins advised CENAQ Energy Corp., a special purpose acquisition company focused on energy and energy transition, and CENAQ Sponsor LLC in a business combination with Bluescape Clean Fuels Intermediate Holdings, LLC, a private company specializing in the supply of gasoline derived from renewable feedstocks.
Vinson & Elkins advised ioneer Ltd, an emerging lithium–boron supplier, in a binding offtake supply agreement with Ford Motor Company.
According to the latest report from Vinson & Elkins, Power Play: The State of Electric Vehicle Charging Station Finance, the continued adoption of electric vehicles (EVs) is creating new financing models to support necessary charging infrastructure.
Vinson & Elkins advised an affiliate of Riverstone Holdings LLC as lead investor in Infinitum Electric’s $80 million Series D funding. Infinitum Electric, creator of the sustainable, breakthrough air-core motor, will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialization of a traction motor for the rapidly growing electric vehicle market, where its exceptional breakthrough power density can significantly extend the range of electric vehicles.