White & Case advises Avantus on US$300 million tax equity investment for Aratina 1 solar and storage project

Global law firm White & Case LLP has advised Avantus LLC on a US$300 million tax equity investment for the Aratina 1 utility-scale solar and storage project in Kern County, California.

Aratina 1 will deliver 200 megawatts (MW) of solar and 500 megawatt-hours (MWh) of energy storage capacity to the California grid. Avantus plans to maintain an ownership stake and operate Aratina 1 as it transitions to an independent power producer, with this transaction marking a key step toward project completion.

White & Case previously supported Avantus in closing a more than US$500 million construction financing for Aratina 1 in June of this year.

Avantus is a premier US developer of utility-scale solar and energy storage projects, with approximately 24 gigawatts (GWdc) of solar and 75 gigawatt-hours (GWh) of energy storage under development across the Western United States.

The White & Case team was led by Project Development and Finance partner Raymond Azar (New York) and Tax partner Michael Sykes (Washington, DC) and included Project Development and Finance partners David Strickland (Houston), Raffaele Turco and Nandan Nelivigi, partner of counsel Sylvia Chin (all in New York) and associates Adam Conwell, Ejemen Ofoman, Jeffrey Godly, Anisha Sivathas, Catherine Gu, Colleen Anderson, Clarissa Lotson (all in New York) and Paula Hernandez Garaycoa (Miami); Tax associate Jordan Jentz (Washington, DC); M&A partner Hayden Baker (New York) and associates Hayley McElhinney (Houston) and Anthony Vitucci (Chicago); Trade partner Cristina Brayton-Lewis and associates Dara Brown and Tim Sensenig (all in Washington, DC); Sustainability & Responsible Business partner Taylor Pullins and associate Sam McCombs (both in Houston); and Employment, Compensation & Benefits counsel Heidi Schmid (New York) and associate Tyrone Crawford (Washington, DC). Law clerks Justin Seymour (New York) and Sunrita Sen (Chicago) and legal assistant Sydney Fox (New York) also advised on the matter.

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