Simpson Thacher Represents KKR in Connection with its Investment in a Portfolio of Solar PV Projects in California and Arizona
11.18.13
This is only gets display when printing
The Firm is representing Kohlberg Kravis Roberts & Co. (KKR) in connection with its acquisition of six solar photovoltaic (“PV”) facilities that are currently being developed from Recurrent Energy. The portfolio of projects is financed with a combination of equity investments from Google and KKR, as well as debt financing. The solar facilities include five projects in California and one in Arizona and have a combined production capacity of approximately 106 megawatts. The facilities will generate enough clean solar electricity to power more than 17,000 homes in the United States and are expected to be operational by January 2014.
The Simpson Thacher team includes Kenneth Wyman and Amy Beller (Energy/Infrastructure); Andrew Smith, Jim Cross and Jonathan Stradling (M&A); Nancy Mehlman and Chang Won Choi (Tax); and Krista McManus (Real Estate).