Energy Transactions

 
Benjamin J. Armour Partner (617) 338-2423 vCard
J. Truman Bidwell Jr. Partner (212) 660-3032 vCard
Robert J. Gillispie Of Counsel (212) 660-3046 vCard
Jeffrey M. Karp Partner (202) 370-3921 vCard
Sharon G. Leifer Counsel (617) 338-2821 vCard
Jerome C. Muys Jr. Partner (202) 370-3920 vCard
Mark Norris Partner +44 (0)20 7448 1003 vCard
Lewis N. Segall Partner (617) 338-2807 vCard

Sullivan & Worcester serves clients who invest and participate in the energy markets, both nationally and internationally – particularly in clean and renewable energy transactions. Our clients are engaged in virtually all aspects of the investment and energy industries, from equity investors, tax equity investors and lenders to project developers, hedging counterparties, energy companies and other industry leaders.

We are well positioned to assist our clients in navigating an ever-changing energy landscape by efficiently and creatively structuring deals and incorporating our tax, policy, regulatory and market insights to help solve complex financing challenges in traditional regulated utility markets. As demonstrated from our representative projects listed below, our practice includes a full panoply of services ranging from individual renewable energy projects to project portfolios:

  • Purchase & sale agreements
  • Expansion & repowering projects
  • Sale/leaseback agreements
  • Permitting
  • Construction agreements
  • Transactional due diligence
  • Development agreements
  • Equity & debt financing
  • Interconnection agreements
  • Tax structuring
  • Transmission agreements
  • Governmental loan guarantees & grants
  • Mergers & acquisitions
 

In addition to advising our clients, we are active participants in industry organizations and events. Our professionals frequently present key issues at energy conferences and forums and publish insights regarding policy, market trends, industry developments and the implementation of renewable energy measures in our "Energy Finance Report" and "EDGE Newsletter."

Representative Client Work

  • Advised an energy infrastructure company in its acquisition of five landfill gas-to-energy projects located in the southeastern United States
  • Represented a renewable energy company in its acquisition of a 30-megawatt portfolio of development-stage solar projects in the Pacific Northwest
  • Represented the portfolio company of a global infrastructure fund in its acquisition of a 15-megawatt portfolio of landfill gas-to-energy projects
  • Represented an investment fund in its acquisition of a controlling interest in two waste-to-energy projects
  • Represented a consortium of investors in its acquisition of a publicly traded owner and operator of several combined heat and power projects
  • Advised an infrastructure fund in its acquisition of a renewable energy developer with an operational 10-megawatt solar facility and a robust pipeline of wind, solar and other energy projects
  • Represented a private equity investor in its acquisition of a refurbished wind farm in Wyoming
  • Represented a hydropower company in its acquisition of a 215-megawatt portfolio of four hydroelectric plants located in North Carolina
  • Represented an institutional investor in a series of energy project acquisitions principally driven by available production tax credits
  • Represented a solar photovoltaic performance monitoring and data analytics provider in its acquisition by a global leader in energy monitoring data and intelligence
  • Advised a solar energy developer in a debt financing and related sale/leaseback transaction to monetize available tax credits
  • Represented a clean energy investment firm providing mezzanine debt for the acquisition of a fleet of electric vehicles for lease to municipal governments
  • Advised an infrastructure fund on its equity investment in a greenfield 869-megawatt combined cycle natural gas-fired generation facility under construction in Ohio
  • Represented an energy investment and management company in its acquisition of a portfolio of solar facilities
  • Advised a solar development company on a novel financing platform for replicable small-scale solar installation deal structures, including optimization of structure for incorporating non-traditional tax equity investments
  • Represented the founder in the formation of an oil exploration company and subsequently the company in general corporate and commercial matters and its eventual sale to a multinational oil services concern
  • Represented a project company in its Series B financing in connection with financing a portfolio of solar facilities
  • Represented a private equity buyer in its acquisition of a district-chilling system providing cooling services to a diverse, urban customer base
  • Represented a solar energy company in over $65 million in venture financings and multiple R&D agreements
  • Represented a developer in the sale of its interest in an Idaho wind power project to an affiliate of the Macquarie Group
  • Represented a financial advisor in the back-to-back sale of five solar facilities in Vermont
  • Represented the buyer of a renewable energy company with wind farm operations in Montana
  • Represented a France-based international engineering services company in its acquisition of a provider of safety-related engineering services and software to nuclear facilities
  • Represented a global renewable energy company in a variety of sale/leaseback financings of solar projects throughout the United States involving diverse financings entities, such as Bank of America, JP Morgan Chase and MetLife Capital
  • Advised an early-stage biofuels company in connection with corporate structuring, financing and commercial matters, as well as intellectual property protection

Visit our "Energy Finance Report Blog" that analyzes developments in energy finance as well as provides updates and perspectives on market trends and policies.