Project Finance (developer / sponsor)

• Wabash Valley Resources on the US$1.56 billion DOE loan financing of a first-of-a-kind integrated blue ammonia fertilizer in Indiana.
• Avantus on the US$300 million+ construction and tax equity bridge financing of the 130 MW / 400 MWh Kitt solar and BESS project in Arizona.
• Avantus on the US$500 million+ construction and tax equity bridge financing and US$300 million tax equity financing of the 200 MW / 500 MWh Aratina 1 solar and BESS project in California.
• Brookfield on the US$175 million construction and tax equity bridge financings and ongoing tax equity financing for the 120 MW Pitt solar project in North Carolina.
• Brookfield on the US$592 million construction and tax equity bridge financing and ongoing tax equity financing for the 120 MW Pitt solar project in North Carolina.
• TotalEnergies on the tax equity financing and sale of investment tax credits for the 405 MW Hill, 325 MW Brazoria I, 49.9 MW Clinton and 49 MW Montpelier solar projects in Texas and Ohio.
• Fervo Energy on the US$421 million financing and sale of production and investment tax credits for Phase 1 of its first-of-a-kind 500 MW Cape Station next-generation geothermal project in Utah.
• A large Midstream energy company in the ongoing tax equity financing of a large-scale carbon capture and storage project at a natural gas processing plant in Texas.
• TotalEnergies on the construction and tax equity financing for its 380 MW Myrtle solar project and the construction financing for its 600 MW Danish Fields solar project in Texas.*
• Summit Carbon Solutions in the financing of its CCS operations that, when complete, will be the world's largest carbon capture facility, consisting of over 40 emitters, pipelines across five states and a sequestration facility in the US, all utilizing a mixture of 45Q and California LCFS credits.*.
• Clearway Energy Group on the separate financings of the Phase 2 and Phase 3 of the 482 MW / 394 MWh Daggett solar and BESS project.*
• Maxeon Solar Technologies on an equity financing for a US$1 billion solar cell manufacturing and module assembly expansion project supported by a US DOE loan.*
• A division of a multinational energy and petrochemical company in a tax equity transaction for the 50 MW Jicarilla 2 solar project in New Mexico.*
• A national residential solar developer advising in a joint venture with Hannon Armstrong, facilitating the deconsolidation and optimization cash flows of the a residential solar lease portfolio.*
• Alliant Energy on the development of wind safe harbor and tax equity financing programs for its renewable energy portfolio in the US.*
• JERA Renewables in a construction-to-term loan and tax equity financing for the 301.5 MW El Sauz wind farm in Texas.*
• energyRe on the construction and back-leverage term loan financing for its 66 MW / 198 MWh Lone Star solar and BESS project in South Carolina.*

Project Finance (investor / lender)

• Private credit lender in an ongoing syndicated loan to Twelve in support of its first-of-a-kind AirPlant eFuels and eChemicals production facility under construction in Washington.
• I Squared on a US$165 million construction financing for the 252 MW Oystercatcher solar project in Texas.
• CIM Group on a preferred equity financing of a community solar portfolio in the US.
• Major US retail company on the US$185 million purchase of investment tax credits generated from a community solar portfolio located across five states in the US.
• Major US health care provider on a US$330 million purchase of production tax credits generated from a 215 MW solar project and 185 MW solar project in Texas.
• Major US healthcare provider on a US$145 million purchase of investment tax credits generated from a 120 MW solar facility in Virginia.
• Major US healthcare provider on a US$250 million purchase of investment tax credits generated by subsidiary of a residential solar developer in the US.
• Major US healthcare provider on a US$90 million purchase of investment tax credits generated from an 82.65 MW / 208 MWh solar and storage project in Hawaii.
• A sustainable infrastructure company in its ongoing credit facility backed by 45X tax credit transfer proceeds generated from a battery module manufacturer in the US.
• Major technology company on the tax equity financing of a fuel cell project in New York City that will monetize benefits from NYSERDA's Value of Distributed Energy Resources (VDER) program.*
• National specialty finance firm on the purchase of federal ITC tax credits from the subsidiary of a publicly traded industrial & real estate group.*
• Multinational financial institution in a tax equity financing in two utility scale solar projects being developed by Opdenergy in West Virginia and Louisiana.*
• Voya Investment Management on the US$70 million construction bridge financing for the 300 MW / 150 MWh Arroyo solar and BESS project in New Mexico.*
• Advantage Capital in:
  • a tax equity transaction with Heelstone Renewable Energy, LLC for four utility scale solar projects in Georgia.*
  • a tax equity investment in a portfolio of solar assets developed by Summit Ridge Energy.*
  • a joint venture with Sabanci Renewables, Inc as a tax equity investor, for the Cutlass II solar project in Texas.*
• A global alternative investment management firm in the US$500 million mezzanine holdco financing (in the form of a private placement with convertible notes) to Doral Renewables in support of its 2 GW utility-scale wind and solar portfolio across the US.*

Construction

• Avantus on tax credit compliance for the construction of the 200 MW / 500 MWh Aratina 1 solar and battery storage project in California.
• Avantus on tax credit compliance for the construction of the 130 MW / 400 MWh Kitt solar and storage project in Arizona.
• Brookfield on tax credit compliance for the construction of individual projects from its acquisition of an 840 MW SunEnergy1 solar portfolio in North Carolina and Virginia.
• BKV on tax credit compliance for the construction of a carbon capture system at a gas processing facility in Texas.
• Terra-Gen on tax credit compliance for the ongoing construction of the Edwards Sanborn 2 & 3 solar and storage expansion project in California — among the largest projects of its kind in North America.
• Terra-Gen on PWA, BoC, Domestic Content and FEOC compliance for certain module supply agreements for the construction of solar projects in the US.
• Major US power company on tax credit compliance for the ongoing construction of a US$ multibillion post-combustion carbon capture system at 578 MW combined cycle project in California.
• Major US power company on tax credit compliance for the construction of a 120 MW / 80 MWh solar and BESS project in California.
• Major US renewables company on tax credit compliance for the construction of a 66 MW / 198 MWh solar and BESS project in Texas.

Tax credit qualification

• Wabash Valley Resources on 45V and 45Q tax credit qualification and monetization strategy of its first-of-a-kind integrated blue ammonia fertilizer facility in Indiana.
• StormFisher Hydrogen on 45V tax credit qualification and monetization strategy for the first of its kind large-scale green hydrogen-derived eFuels facility in Texas.
• Sponsor on 45Q tax credit qualification and monetization strategy for a proposed utility-scale integrated carbon capture gas-fired power plant in Texas.
• Sponsor on 45Q tax credit qualification and monetization strategy for a large-scale carbon capture and sequestration project in the US.
• Sponsor on 45V and 45Z tax credit qualification and monetization strategy for a large-scale renewable diesel and SAF biorefinery in Nevada, including
• Private credit lender on 45Z and 45V tax credit qualification and monetization strategy for syndicated loan to Twelve in support of the first of its kind AirPlant eFuels and eChemicals production facility under construction in Washington.
• Major US midstream company on 45Q tax credit qualification and monetization strategy for a large-scale carbon capture and storage project at a natural gas processing plant in Texas.
• Summit Carbon Solutions on 45Q and California LCFS tax credit qualification and monetization strategy for its CCS operations that, when complete, will be the world's largest carbon capture facility, consisting of over 40 emitters, pipelines across five states and a sequestration facility in the US.*

M&A

• Japanese power company in the ongoing acquisition of stakes and establishment of a long-term renewable energy and battery storage joint investment platform in the US.
• TotalEnergies on its US$1.25 billion sale to KKR of 50 percent interest in a 1.4 GW solar and distributed generation portfolio in North America.
• Brookfield on its strategic partnership with SunEnergy1 for the acquisition and construction of an 840 MW utility-scale solar portfolio in North Carolina and Virginia, including the potential to add new projects from an attractive 14 GW solar development pipeline.
• A PE-backed developer in the sale of four 500 MW utility-scale solar and BESS projects in Arizona.
• Global alternative investment management firm on the US$824 million convertible equity portfolio financing of a 2.5 GW NextEra Energy Partners renewable energy and integrated BESS portfolio spanning the US power markets.*
• Global alternative investment management firm on a US$265 million convertible debt and equity investment for the acquisition of equity stake in US Wind and to fund development and construction costs for a major offshore wind facility in Maryland.*
• Clearway Energy Group on the sale of a 1.6 GW utility-scale renewable energy portfolio in Texas, California, Hawaii and West Virginia to a Hannon Armstrong and Clearway Energy partnership, including the creation and implementation of a tax monetization framework via debt, tax equity and cash equity vehicles.*
• Longroad Energy on the acquisition of the 98 MW Titan solar project in California.*
• Ørsted on the separate acquisitions of the 302 MW Lincoln Land and 121 MW Ford Ridge wind farms in Illinois.*
• InfraRed Energy Transition Fund on its acquisition from ENGIE Development of a minority interest in a three project newly constructed wind and solar portfolio in Kansas, Texas and North Carolina.*
• Stonepeak Infrastructure Partners on its sale to EQT of Madison Energy, a leading distributed C&I and community solar and BESS developer in the US.*
• CIM Group on a 250 MW Aquamarine solar project in San Joaquin Valley, California. The plant is part of the first phase of the Westlands Solar Park, one of the largest permitted solar parks in the world.*

Other

• Fiera Infrastructure on the acquisition of a rail car leasing business from InStar.*
• WillScot Mobile Mini Holdings Corp. on the divestiture of the Tank and Pump segment of its business by way of a sale by Mobile Mini. Inc., a wholly owned indirect subsidiary of WillScot Mobile Mini, of all of the issued and outstanding equity interests of Gulf Tanks Holdings, Inc. to Ironhorse Purchaser, LLC, a subsidiary of Kinderhook Industries LLC, a New York-based private equity firm.*
• U.S. Energy Development Corporation in:
  • structuring a qualified opportunity fund to deploy in qualified opportunity zone (QOZ) property including overriding royalty interests in oil and gas leases and related qualified opportunity zone business assets. Representation included drafting a firm-first tax opinion on QOFs and QOZ property.*
  • connection with forming an Opportunity Zone fund.*

* Matters prior to joining White & Case.