Aaron Prince
The Grace Building
1114 Avenue of the Americas
32nd Floor
New York, New York 10036
I help clients structure transactions that are protective of their investments and objectives and also work for all involved. This is particularly important in renewable energy transactions and often requires creativity because commercial and tax considerations need to be carefully balanced. Aaron Prince’s practice focuses on asset based financing, acquisition and joint venture transactions.
Aaron represents tax equity investors, private equity funds, sponsors, lenders, borrowers, and other investors in project finance, structured finance, acquisitions, joint ventures and general corporate transactions, primarily in the energy sector, including renewable energy (such as solar, wind, geothermal and refined coal). In addition, Aaron has experience advising clients on other asset-based and non-asset based financing transactions, including innovative transactions in the fintech space.
Tax Equity
JPM Capital Corporation in its approximately $160 million equity commitment to develop the approximately 126 MW Timber Road IV Wind Farm Project in Paulding County, Ohio, and the approximately 50.4 MW Los Mirasoles II Wind Farm Project in Hidalgo and Starr Counties, Texas
Tax equity investor in the $45.5 million tax equity financing of a 100 MWac utility-scale solar energy project in Texas
Terra-Gen in the approximately $180 million construction financing and $125 million tax equity financing for the 131.1 MW Voyager I wind project in Kern County, California
JPM Capital Corporation and Bankers Commercial Corporation in the $138 million tax equity financing of wind farms being developed by affiliates of EDP Renewables North America in Oklahoma and California aggregating approximately 199MW
Terra-Gen in the approximately $250 million construction financing and $170 million tax equity financing for the 193.5MW Voyager Wind II Project in Kern County, California, and the 32.7MW Texas Big Spring Project in Big Spring, Texas
Tax equity investor in a $185 million tax equity investment and lender in a $60 million loan to repower three wind generation facilities in Texas totaling 546MW, each being developed by one of the largest renewable energy project developers in the U.S.
Tax equity investor in a $269 million investment in respect of a 199.2MW wind generation facility in Iowa and a 78.4MW wind generation facility in New York
Two tax equity investors in a $246 million investment to repower three wind generation facilities in Texas totaling 449MW, each being developed by one of the largest renewable energy project developers in the U.S.
Tax equity investor in a $116.1 million investment to finance an approximately 120 MW utility-scale ground-mounted photovoltaic solar project in Colorado
Vivint Solar in a $150 million commitment by an affiliate of Credit Suisse Securities to lease its commercial and industrial solar installations
Tax equity investor in a $75 million commitment to a residential solar developer for the design, procurement, and installation of solar photovoltaic projects on the rooftops of residential customers
Equity investor in a $275 million commitment to a geothermal project under development in Nevada
Three financial institutions and one international conglomerate in their separate tax equity investments in various refined coal facilities throughout the U.S., utilizing partnership and lease structures
Morgan Stanley Bank and Morgan Stanley Senior Funding as lenders, administrative agent, and lead arranger in a $361 million loan to finance the construction and development by a subsidiary of Invenergy Wind Global of an approximately 257.25 MW wind farm in Texas
SunRun as borrower in a $227 loan and a $14.4 million delayed draw term loan B credit facility
Morgan Stanley as lender, administrative agent, and lead arranger in a $263.5 million loan for the construction and development by Invenergy Wind Global of an approximately 200.5 MW wind farm in Kansas
SunRun as borrower in a $173 million loan facility under a term loan A credit agreement and a $20 million term loan facility under a term loan B credit agreement
Morgan Stanley Senior Funding as lender, administrative agent, lead arranger, and issuing bank in a $351.6 million loan to finance the construction and development by a subsidiary of Invenergy Wind Global of an approximately 207.2 MW wind farm in Texas majority-owned by TerraForm Power
Morgan Stanley as lender, administrative agent, lead arranger, and issuing bank in a $440 million loan to finance the construction and development by Invenergy Wind North America of a 289 MW wind farm in Texas
Goldman Sachs Specialty Lending Group as lender, administrative agent, and lead arranger in connection with a revolving loan facility for a solar residential rooftop sponsor, in which the financing was secured by proceeds from the cash grant made available pursuant to the American Recovery and Reinvestment Act of 2009
Private equity fund in a $150 million debut joint venture with a solar developer to acquire and develop community solar and other eligible renewable projects
An affiliate of Goldman Sachs Renewable Power in the $144 million acquisition of the 172.2MWdc American Kings Project in Kings County, California, and the sale of a tax equity interest in the project to M&T Bank
Affiliate of Goldman Sachs Renewable Power in the $86.9 million acquisition of LLC membership interests in operating solar commercial and industrial projects subject to sale-leaseback financing arrangements
Sixth Street in a joint venture with MMA Energy Capital to finance the construction and ongoing operations of solar power projects throughout North America
Large financial institution in a complex transaction with another large financial institution regarding the ownership of a wind farm portfolio
Square in three merchant receivables sale and purchase transactions with several private equity funds aggregating $275 million
Credentials
- Brooklyn Law School, J.D. cum laude, 2008 (Brooklyn Law Review, Notes and Comments Editor)
- Emory University, B.A. Philosophy; Member, Philosophy Honors Society, Phi Sigma Tau, 2005
- Chambers Global, “Up and Coming” in Projects: Renewables & Alternative Energy (USA), 2022 and 2023
- Chambers USA, Projects: Renewables & Alternative Energy (Nationwide), 2021 and 2022; “Up and Coming” in Projects: Renewables & Alternative Energy (Nationwide), 2021 and 2022
- Legal 500 U.S., Energy: Renewable/Alternative Power, 2022; Finance: Project Finance, 2022
- Selected to the New York Rising Stars list, Super Lawyers (Thomson Reuters), 2022
- Selected to the 500 Leading Energy Lawyers, Lawdragon, 2023
- New York
- Rankings & AwardsJune 1, 2023
- Rankings & AwardsMarch 17, 2023
- Rankings & AwardsFebruary 16, 2023
- Deals & CasesSeptember 29, 2022
- Rankings & AwardsJune 16, 2022
- InsightJune 14, 2022
- InsightJune 9, 2022
V&E Renewable Energy Update
- Rankings & AwardsJune 1, 2022
- Rankings & AwardsMarch 29, 2022
- Rankings & AwardsFebruary 17, 2022
- Press ReleaseFebruary 3, 2021