Royalty Financing of U.S. Renewable Energy Developer

Pierce Atwood represented Great Bay Renewables in connection with its $45 million royalty financing of U.S. renewable energy developer Hexagon Energy, LLC. With this transaction, Great Bay gains future royalties related to Hexagon’s portfolio of solar, solar plus energy storage and standalone energy storage development projects. Hexagon’s portfolio currently consists of 43 development projects totaling 5.3 GWac located across 12 states and four regional transmission organizations.

This transaction adds another high-quality developer to Great Bay’s developer royalty financing portfolio. In addition to representing Great Bay Renewables in this and other royalty investment transactions, Pierce Atwood attorneys played a critical role in developing this novel royalty investment structure.