Vinson & Elkins Advises Goldman Sachs Renewable Power in Two Transactions
A team of Vinson & Elkins lawyers, led by partner Kaam Sahely and senior associate Stephanie Coco, advised Goldman Sachs Renewable Power, a strategic, long-term investor in clean energy projects and the sponsor of more than 850 solar and battery storage projects that collectively have a capacity of more than 2.6 gigawatts of renewable power, in the establishment of a financing partnership with ChargePoint (NYSE: CHPT) to reduce upfront costs of EV charging technology. A copy of the press release can be found here.
Announced on March 15, 2022, a Vinson & Elkins team led by partner Michael Joyce and counsel Josh Heideman on corporate matters, and Sean Moran and Lauren Collins on tax, also advised GSRP in connection with the acquisition, tax equity and construction loan financing of the Slate solar and energy storage project, one of California’s largest Integrated solar and energy storage projects. Supported by power purchase agreements with five California-based organizations – Bay Area Rapid Transit, Central Coast Community Energy, the Power and Water Resources Pooling Authority, Silicon Valley Clean Energy and Stanford University – the 390 MW solar plus 561 MWh storage project is now in operation. A copy of the press release can be found here.
These deals are among over a dozen transactions in which the firm has advised GSRP, including the $350 million solar portfolio acquisition from Marina Energy, a subsidiary of South Jersey Industries.
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