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Represent developer, owner and operator of renewable gas facilities in all aspects of negotiating and documenting the siting, supply, off-take and financing of their renewable energy projects, which produce biogas, pipeline-grade methane and carbon sequestration credits from livestock and food industry waste streams by utilizing an advanced anaerobic digestion technology.
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.
Pierce Atwood advised Great Bay Renewables, LLC, with respect to its $30 million royalty investment in renewable energy developer Nokomis Energy’s portfolio of 77 solar development projects located across seven states. The transaction also includes any future development projects added to Nokomis’s portfolio. The $30 million royalty investment will be made in tranches over approximately the next two to three years as Nokomis achieves certain project advancement milestones.
Pierce Atwood represented Great Bay Renewables in connection with its $30 million royalty investment in Apex Clean Energy’s 195 MWac Angelo Solar project in Tom Green County, Texas.
Represented Great Bay Renewables in connection with its follow-on $25 million royalty investment in Tri Global Energy’s portfolio of wind and solar energy development projects located across the United States. This is an extension of the $30 million royalty investment that Great Bay made in TGE in early 2019, for which Pierce Atwood also represented Great Bay, bringing the total royalty capital commitment to $55 million.
Pierce Atwood represented Great Bay Renewables in its $35 million royalty investment in a 250MW solar project developed by Longroad Energy, known as Prospero 2. The Prospero 2 solar project, located in Andrews County, Texas, achieved commercial operation on August 2, 2021, and is operated by Longroad. The solar facility is located on land leased from the University of Texas under a long-term lease agreement.
Pierce Atwood advised RWE Renewables in connection with the purchase of a partial interest in New England Aqua Ventus, to develop University of Maine’s floating offshore wind technology demonstration project off the coast of Maine. We are advising RWE Renewables on numerous Maine and local law issues, including energy and Maine PUC matters; submerged lands leasing; transmission interconnection; environmental permitting; tax matters; real estate; legislative and governmental affairs; and other Maine matters.
Representation of Great Bay Renewables, Inc. in connection with its acquisition by Altius Renewable Royalties Corp., a subsidiary of Canadian company Altius Minerals Corporation.
On behalf of our client Iberdrola Energy Projects, Inc., we successfully negotiated a project labor agreement (PLA) with more than 24 trade unions for the construction of a $750 million combined-cycle gas turbine (CCGT) electric generating power plant in Salem, Massachusetts. This challenging project was made more complex by months of unanticipated delays relating to environmental permitting and financing issues. Nevertheless, construction commenced in April 2015, and when complete the new CCGT plan will supply electricity to more than 600,000 homes while lowering regional greenhouse gas emissions.
