Clifford Chance Represented on $252 Million Solar Project Financing, Boosting Renewable Energy in the US
Clifford Chance Represented on $252 Million Solar Project Financing, Boosting Renewable Energy in the US
Global law firm Clifford Chance represented BBVA, Intesa SanPaolo, and MUFG Bank as lenders on a $252 million project financing package for OPDEnergy to construct two solar photovoltaic electric generating plants in Louisiana and West Virginia.
Two solar power plants with a total capacity of 260 MW will help produce renewable energy in the United States, prevent the release of 260,000 tonnes of carbon dioxide (CO2) into the environment, and create more than 600 jobs in the region.
"We were delighted to support our long-term clients, BBVA, Intesa, and MUFG on this milestone project financing transaction for OPDE. This is a great example of our global team coming together to support our clients in the flourishing US energy transition market," Energy & Infrastructure and Tax Equity partner Alex Leff said.
Leff and Projects associate Lauran Smith (Washington, D.C.) led the transaction, supported by associates Trevor Nichols, Serena Seaman (Washington, D.C.), Brianna Jones Rich, and Leah Rahmani (New York).
The cross-border, multi-practice team also included New York Real Estate associates Dawn Goldberg, Meny Elgadeh, and Nina Binns, New York Structured Finance partner Darren Littlejohn and associate Elizabeth Kennedy, and Madrid Project Finance partner José Guardo and lawyer Eduardo Sánchez.
