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Verdant Microgrid, LLC Finalizes $150 Million Financing Platform with ClearGen and Blackstone

Deals & Cases
June 24, 2021
Verdant Microgrid, LLC Finalizes $150 Million Financing Platform with ClearGen and Blackstone Background Image
Deals & Cases
June 24, 2021

Vinson & Elkins represented Blackstone Credit in the formation of a $150 million exclusive financing agreement for the development of microgrid projects between its portfolio company, ClearGen, LLC, and Verdant Microgrid, LLC, a leading clean energy development company.

The V&E corporate team was led by partners Matt Falcone and Alan Alexander, with assistance from partner Michael Joyce, senior associate Yong Eoh and associates Caroline McDonald and Richard McNulty. Also advising were partners Todd Way and Sean Moran and counsel Debra Duncan and Mary Alexander.

Announced in May 2021, V&E also advised Blackstone Credit in connection with a strategic partnership between GreenStruxure, a joint venture of Schneider Electric and Huck Capital, and ClearGen. Through this partnership, GreenStruxure will develop and operate highly standardized on-site renewable energy microgrid systems.

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 11 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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