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Vinson & Elkins Advises MN8 Energy on $375 Million Acquisition of Greenbacker Renewable Energy Company

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Vinson & Elkins advised MN8 Energy in its entry into a definitive agreement to acquire Greenbacker Renewable Energy Company LLC, an Independent Power Producer that owns a ~1.9 GW fleet of operating and under construction renewable energy assets, in a cash-and-equity transaction valued at up to approximately $375 million, with $350 million payable at closing, plus up to $25 million in potential additional cash payments contingent on the achievement of certain commercial milestones.

Upon closing, the combined company will rank among the three largest clean power platforms in the U.S., with over 6 GW of operating and under construction capacity across 33 states.

The Vinson & Elkins team was led by Partners Crosby Scofield, Todd Triller, Lina Dimachkieh, Jackson O’Maley, and Senior Associates Anthony Paladino and Tara Tegeleci.

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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