Regulatory, financing and transactional capabilities define the renewable energy offering at Steptoe LLP, which advises developers, lenders and investors across the full lifecycle of clean energy projects. In Washington DC, Daniel Mullen focuses on FERC enforcement, regulatory compliance and investigations affecting energy market participants. Also in Washington DC, Timothy Moran advises sponsors and investors on the development, financing and acquisition of renewable energy assets, including solar, wind and storage projects. New York-based Philip Corsello represents lenders, sponsors and investors on complex renewable energy financings, including tax equity, portfolio financings and sustainability-linked credit facilities.
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Accolades
Client satisfaction: Billing & efficiency
Client satisfaction: NPS ®
Key clients
- Natixis, New York Branch/ Natixis Corporate & Investment Banking (Natixis CIB)
- KeyBanc Capital Markets Inc.
- First-Citizens Bank & Trust Company
- Vantage Infrastructure USA Inc.
- Center For Houston’s Future
- Eversource
Work highlights
Represented Natixis, New York Branch as the lenders, as well as the arrangers, agents, issuing banks and sustainability coordinator, in connection with the closing of a $2.5 billion Revolving Credit Facility in favor of Invenergy Renewables Operating I LLC (Invenergy).
Counsel to Vantage Infrastructure USA Inc. as arranger and lender in connection with a senior secured financing of FlashParking, Inc.’s, in particular its portfolio and development of electric vehicle charging and parking assets. The facility will support and expand the developer’s expansion of its portfolio of EV charging stations at its parking facilities and its ambitious goals for energy transition-related expansion across its parking facilities.
Counsel to First-Citizens Bank & Trust Company as mandated lead arranger, administrative agent, and collateral agent in connection with an assumption and combined amendment, restatement, extension and increase of two senior secured project finance credit facilities for Battery Storage Holdings, LLC, as Borrower, and Sparks Battery Holdings, LLC and Sparks Battery Holdings 2, LLC (and certain affiliates) as guarantors.
Practice head
Daniel Mullen; Timothy Moran; Phil Corsello