Debt

What Sets Us Apart

We guide borrowers, sponsors, and lenders through construction, term, back-leverage, and sale-leaseback debt financings for clean energy projects of every size, from early-stage development loans to $500M+ portfolio facilities.

Areas of Expertise

  • Development loans and equity-adjacent debt financing

  • Project-level and back-levered debt financing

  • Construction, term, mezzanine, sale-leaseback, and receivables financings

  • Property Assessed Clean Energy (PACE/C-PACE) financing

  • Energy efficiency financing

  • Comprehensive due diligence support for lenders and borrowers

  • Lender consents and intercreditor agreements

  • Bridge and platform loan facilities with warrant/equity-kicker structures

  • Debt financing interface with tax equity structures

  • Portfolio-level loan structuring for solar, storage, and hybrid projects

Key Contacts

Partner

Founding Partner

Representative Transactions

  • Advised the U.S. affiliate of a global renewable energy developer in a $520 million construction-to-term financing of a 400 MW portfolio of utility-scale solar plus storage projects.

  • Counsel to a global IPP in a $522 million construction-to-term financing of a 390 MW portfolio of utility-scale solar projects.

  • Lead finance counsel to a major energy storage developer in a $93.3–$100 million construction-to-term-loan financing of a 230 MW portfolio of utility-scale energy storage projects (CIT Group, Siemens Financial Services, and Rabobank as lenders/co-lead arrangers).

  • Counsel to the development arm of a global solar and BESS OEM in a $200 million construction financing of a 100 MW / 400 MWh standalone storage project in New York.

  • Counsel to a nationwide solar and energy storage developer in a $200 million construction-to-term loan facility for a portfolio of utility-scale solar, standalone BESS, and hybrid projects.

  • Counsel to the sponsor, borrower, and lessee in a $110 million construction-to-sale-leaseback facility for a portfolio of 120 C&I solar projects in the Northeastern U.S.

  • Represented a national bank in a co-lending structure for a $32.5 million back-leverage financing of ~45 C&I solar projects with a partnership flip tax equity structure.

  • Counsel to a non-bank private lender in a $30 million platform loan and development finance facility, including warrants for equity in the sponsor, bridging to an equity investment from a major European infrastructure fund.

  • Counsel to a national bank in a $15 million back-leverage financing of ~22 C&I solar projects, including diligence on existing tax equity structures (p-flip and inverted leases).

  • Counsel to the lender in a term loan takeout for a portfolio of nine community solar projects in DC's Solar for All program, including a guarantee from the DC Green Bank.

  • Advised Logical Buildings in a bespoke $110 million financing facility from Keyframe Capital to finance multiple virtual power plants across New York.

  • Advised a leading sustainable investment and operating company on debt financing of energy efficiency programs at one of the nation's largest school districts.

  • Counsel to the asset management division of a global investment bank in a $250 million construction-to-sale-leaseback financing of a 40 MWac solar / 20 MW / 80 MWh BESS project.