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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 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 12 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 follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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