White & Case Advises Lenders on a Project Financing of Mangilao Solar Project with Battery Storage
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Global law firm White & Case LLP has advised Mizuho Bank, Ltd. and Korea Development Bank as lead arrangers and lenders on the US$184 million financing for the development, construction, operation and maintenance of the Mangilao Solar Project.
The Mangilao Solar Project is a 60 megawatt (MW) AC solar photovoltaic power plant with a 32 MW / 32 MWh energy storage system, located in the US territory of Guam.
The project is being developed by Korea Electric Power Corporation.
The White & Case team that advised on the transaction was led by partner Marius Griskonis and included partners James Hayden, Hagai Zaifman, Ray Simon, Seth Kerschner, Ian Cuillerier (all in New York) and David Strickland (Houston); counsel Amy Delsack, Isaac Tendler and Richard Graham; associates Mohamad Elfarra, Josh Ryu, Kyle Ezzedine and Roxane Picard (all in New York), Adrian Leal (Miami) and Michael Yates (Houston).
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