NEW YORK, In its latest major transaction in the private equity and renewable energy space, Milbank, Tweed, Hadley & McCloy LLP has represented Energy Capital Partners in the acquisition of Terra-Gen, LLC, owners of more than 20 wind, solar and geothermal power generation assets across the United States.
Energy Capital Partners is one of the country’s leading private equity investors in energy infrastructure. The firm, with operations in New Jersey, Houston and San Diego, has raised over $13 billion in the past decade, for building and acquiring energy assets in multiple sectors.
Terra-Gen owns and operates a national portfolio of utility-scale renewable energy projects, in wind, geothermal and solar power generation. The company’s holdings generate some 976 million megawatts of capacity across 25 renewable power facilities located throughout the Western US, with a concentration on California. Terra-Gen’s subsidiaries account for the operation and maintenance of over 2,000 MWs of renewable projects – the output is sold primarily to utilities and power cooperatives for long-term use. The combined portfolio represents one of the largest renewable energy businesses in the US.
Milbank’s deal team was led by partners John Franchini (Corporate) and Jonathan Green (Project Finance), along with partners Mark Regante (Tax), Matthew Ahrens (Environmental) and Mike Shah (Benefits), as well as special counsel Drew Batkin, and associates Rachel Fink, James Ebberson, Henry Scott, and James Beebe, and regulatory advisor James Liles.
About Milbank
Milbank, Tweed, Hadley & McCloy is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for nearly 150 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of its clients by offering a highly integrated and collaborative range of services across key practice groups throughout its global network. Milbank’s integrated practice is underpinned by its attorneys’ acknowledged technical excellence, sectorial experience and a strong tradition of innovation and client service.
