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The Carlyle Group to Partner with BNRG on Largest Solar Portfolio Under Construction in Maine

The Carlyle Group to Partner with BNRG on Largest Solar Portfolio Under Construction in Maine Background Decorative Image

Vinson & Elkins advised The Carlyle Group on the acquisition of a portfolio of solar development projects in the state of Maine, through a newly-established affiliate Acadia Renewable Energy, LLC, from the global solar independent power producer BNRG. V&E also advised Carlyle in securing construction and permanent debt financing for the portfolio. HSBC Bank USA, N.A. acted as Lead Arranger and Administration Agent. Equity capital for the transaction has been committed by Carlyle’s Renewable & Sustainable Energy Fund.

Representing over $130 million of capital investment, this project is currently the largest solar portfolio under construction in Maine, and is among the largest in the Northeast region.

The V&E acquisition and financing teams were led by partners Kaam Sahely, Danielle Patterson and Eamon Nolan.

About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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