Franklin Park Infrastructure And New Columbia Solar’s $40 Million Solar Project Financing

McDermott Will & Emery acted as legal advisor and Alfa Energy Advisors acted as financial adviser to Franklin Park Infrastructure, while Leverage Law Group and Blanco Tackaberry & Matamoros represented New Columbia Solar.

Franklin Park Infrastructure, a private equity fund manager, in its tax equity partnership with New Columbia Solar completed the financing of a 30 MW solar project portfolio for Washington, DC-based projects in 2020 and 2021.

This is the largest tax equity deal to date for distributed solar project investments in the area. The capacity added under this transaction will increase the District’s current capacity by 33%.

Franklin Park develops, owns and manages infrastructure assets. Franklin Park has a diverse portfolio, including renewable and conventional electricity generation, electric distribution, rail and road transport, and supply chain logistics.

New Columbia Solar is a Washington, DC based solar energy company, financier, owner, and operator of commercial and industrial solar energy projects. Founded in 2016, the company has grown to be the largest and most comprehensive solar energy company in the District of Columbia.

New Columbia Solar was represented by Daniel Vandergriff of Blanco Tackaberry & Matamoros P.A. Franklin Park was represented by Vadim Ovchinnikov of Alpha Energy Advisors as the financial advisor.

McDermott Will & Emery represented Franklin Park Infrastructure with a team led by Edward Zaelke (Picture), which also included Carl Fleming and Philip Tingle.

Leverage Law Group advised New Columbia Solar with Bryan Didier.

Involved fees earner: Bryan Didier – Leverage Law Group; Carl Fleming – McDermott Will & Emery; Philip Tingle – McDermott Will & Emery; Edward Zaelke – McDermott Will & Emery;

Law Firms: Leverage Law Group; McDermott Will & Emery;

Clients: Franklin Park Infrastructure; New Columbia Solar;


Author: Ambrogio Visconti