Allen & Overy advised CIM Group on the project.
The 250 MW solar photovoltaic project called Aquamarine is being developed in San Joaquin Valley, California. The plant is part of the first phase of the Westlands Solar Park (WSP) and will be fully operational by the Fall of 2021. It is expected to deliver 50 MW of capacity to Valley Clean Energy Alliance. WSP is one of the largest permitted solar parks in the world, with the capacity to grow more than 2,700 MW of renewable power and supply clean energy to more than 1,200,000 homes.
Not only will Aquamarine help supply critical clean energy and reduce greenhouse gases, WSP is poised to significantly contribute to the development in Central Valley communities by creating over 400 clean energy jobs, both for construction and operation of the plant.
The A&O team that supported this complex transaction was led by partner Matthew Nesburn (Picture) and included partners John Marciano and Sam Kamyans and associates Michelle Marshall, Shahin Mohammad and Sam Gurthrie.
Involved fees earner: Sam Gurthrie – Allen & Overy; Sam Kamyans – Allen & Overy; John Marciano – Allen & Overy; Michelle Marshall – Allen & Overy; Shahin Mohammad – Allen & Overy; Matthew Nesburn – Allen & Overy;
Law Firms: Allen & Overy;
Clients: CIM Group, Inc.;