V&E Advising 8 Rivers Capital in Connection With Two Clean Energy Projects
Vinson & Elkins is advising 8 Rivers Capital, LLC, (8 Rivers) in connection with two clean energy projects announced on April 15, 2021:
- 8 Rivers and The Southern Ute Indian Tribe Growth Fund (SUGF) have joined together to develop the Coyote Clean Power Project, locating one of the world’s first zero-emissions NET Power natural gas-fired power plants within the Southern Ute Indian Reservation. The Coyote Clean Power Project will represent a paradigm shift in how the world generates energy, producing 280 MW of clean power 24/7, while capturing and storing CO2. 8 Rivers, through its Zero Degrees development business, and the SUGF plan to design and construct a NET Power plant over the next five years.
- One of the world’s first zero emissions Allam-Fetvedt cycle power plants, the Broadwing Clean Energy Complex, is poised to be built in Illinois, generating 280 MW of clean power to help decarbonize the industrial, transport, and electricity sectors. 8 Rivers and ADM announced today that they have agreed in principle to locate the Broadwing facility adjacent to ADM’s processing complex in Decatur, storing captured carbon safely a mile and a half underground via ADM’s proven carbon capture and storage system.
The V&E team advising on both matters is led by partners Sean Moran and Lauren Collins with assistance from associate Ben Livni.
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