Gibson Dunn Advised AIP Management On Acquisition Of Stake In 300 MWac Solar And 200 MW Battery Storage Project In Texas

Gibson Dunn Advised AIP Management on Acquisition of Stake in 300 MWac Solar and 200 MW Battery Storage Project in Texas

Gibson Dunn advised AIP Management on its agreement to acquire a 49.99% equity stake in Pine Forest, a co-located 300 MWac solar photovoltaic and 200 MW / 400 MWh battery energy storage system project, from Clearway Energy Group. The total investment amount is approximately $200 million. This transaction follows AIP’s collaboration with Clearway on Victory Pass & Arica, a solar and battery storage project in California, on which Gibson Dunn also advised AIP.

The Gibson Dunn corporate team was led by Nicholas H. Politan Jr. (Partner), with support from Ata Dinlenc (Of Counsel) and Jessica Basil (Of Counsel).

Associates Matthew Goldstein and Andrew S. Watson assisted with the transaction.

Michael Q. Cannon (Partner) and associates Josiah Bethards and Nathan Sauers advised on tax matters, while William R. Hollaway Ph.D. (Partner) and Janine Durand (Senior Counsel) provided guidance on energy regulatory matters.

Michael K. Murphy (Partner) advised on environmental matters, Lauren Traina (Associate Attorney) assisted with real estate, and Vlad Zinovyev (Associate Attorney) supported on project construction and operation.

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