Events
Jenny Speck to Speak at Lockton U.S. Energy Risk Summit
Partner Jenny Speck will speak at Lockton’s U.S. Energy Risk Summit on November 12, 2026, in Houston, Texas. The summit …
November 12, 2026
November 12, 2026 • 1-minute read
Vinson & Elkins advised Industrial Development Funding (“IDF”) and its affiliates in connection with a $1.7 billion project investment supporting the deployment of Bloom Energy Corporation (NYSE: BE) fuel cell technology to provide behind-the-meter power for AI cloud infrastructure in Vineland, New Jersey. IDF served as lead developer of the project and secured financing through a tax equity investment from Morgan Stanley, a senior secured credit facility provided by MUFG Bank, and a junior credit facility provided by Oaktree. Vinson & Elkins also represented IDF in connection with the acquisition of the project from Bloom Energy, the negotiation of the capacity agreement with Nebius, and the negotiation of the ground lease with DataOne.
Another Vinson & Elkins team represented a group of Oaktree Capital-affiliated lenders in connection with a $150 million junior secured credit facility, consisting of an $80 million initial term loan and a $70 million delayed draw term loan to IDF 14 FinanceCo, LLC. The proceeds were used to fund project costs and capital contributions.
The Vinson & Elkins team advising Industrial Development Funding was led by Partners Michael Joyce and Jorge Medina, with assistance from Associates Darren Fox, Dan Lee, Sarah McIntosh, Dane Rogerson, Ben Wilken, Francesca Bell, and Partner Sang Lee. Also advising were Partner East Berhane and Counsel Noelle Alix; Partner Courtney Hammond, Counsel Jenn Cooley and Associate Grace Ann Pulliam; Partners Wendy Salinas and David Strong; Partner Jeff Jakubiak and Associate Carrigan English; Partners Ben Heriaud and Reed Schuster, Senior Associate Maram Mahajna and Associate Orion Hicks; Partner Tzvi Werzberger; Counsel Heather Reynolds Johnson; Partners Joyce Adetutu and Brian Howard; and Partner Ephraim Wernick.
The Vinson & Elkins team advising Oaktree Capital was led by Partners Eamon Nolan and Zach Banks, with assistance from Partner Vinay Prabhakar, and Associates Cam Viney, Brad Rossiter, and Liz Flatley.
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 14 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 connect with us on LinkedIn.
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