Clearway Energy Group’s $285 million Financing For Two Solar Plus Storage Projects in Hawaii

Allen & Overy advised Clearway Energy Group on the deal.

The plants – the 39 MW Mililani I Solar project and the 36 MW Waiawa Solar Power project – add 300 MWh of energy storage to the island’s energy grid.  When built, the facilities will be the first integrated utility-scale battery storage and solar projects on the island of O’ahu. 

Clearway Energy Group LLC operates as a clean energy company. The Company focuses on renewable energy generation and distribution, as well as owns renewable energy projects. Clearway Energy Group serves customers in the United States.

Led by A&O partners John Marciano (Picture) and Dan Sinaiko, the Projects, Energy, Natural Resources and Infrastructure team advised Clearway on all financing aspects of this project while Natixis acted as the lead arranger, Canadian Imperial Bank of Commerce and MUFG were joint lead arrangers and JPM Capital Corporation served as the tax equity investor. The A&O team that supported this transaction included Jeff Quinn-Cane, Bassam Chain, Marcela Varela-Sisley, Shah Mohammadi, Nathanael Kraintz, Sam Guthrie, Nick Ognibene, and Vinod Aravind.

Involved fees earner: Vinod Aravind – Allen & Overy; Bassam Chain – Allen & Overy; Sam Guthrie – Allen & Overy; Nathanael Kraintz – Allen & Overy; John Marciano – Allen & Overy; Shahin Mohammad – Allen & Overy; Nick Ognibene – Allen & Overy; Jeff Quinn-Cane – Allen & Overy; Daniel Sinaiko – Allen & Overy; Marcela Varela-Sisley – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Clearway Energy, Inc;

Author: Martina Bellini

Clearway Energy Group’s $285 million Financing For Two Solar Plus Storage Projects in Hawaii

Allen & Overy advised Clearway Energy Group on the deal.

The plants – the 39 MW Mililani I Solar project and the 36 MW Waiawa Solar Power project – add 300 MWh of energy storage to the island’s energy grid.  When built, the facilities will be the first integrated utility-scale battery storage and solar projects on the island of O’ahu. 

Clearway Energy Group LLC operates as a clean energy company. The Company focuses on renewable energy generation and distribution, as well as owns renewable energy projects. Clearway Energy Group serves customers in the United States.

Led by A&O partners John Marciano (Picture) and Dan Sinaiko, the Projects, Energy, Natural Resources and Infrastructure team advised Clearway on all financing aspects of this project while Natixis acted as the lead arranger, Canadian Imperial Bank of Commerce and MUFG were joint lead arrangers and JPM Capital Corporation served as the tax equity investor. The A&O team that supported this transaction included Jeff Quinn-Cane, Bassam Chain, Marcela Varela-Sisley, Shah Mohammadi, Nathanael Kraintz, Sam Guthrie, Nick Ognibene, and Vinod Aravind.

Involved fees earner: Vinod Aravind – Allen & Overy; Bassam Chain – Allen & Overy; Sam Guthrie – Allen & Overy; Nathanael Kraintz – Allen & Overy; John Marciano – Allen & Overy; Shahin Mohammad – Allen & Overy; Nick Ognibene – Allen & Overy; Jeff Quinn-Cane – Allen & Overy; Daniel Sinaiko – Allen & Overy; Marcela Varela-Sisley – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Clearway Energy, Inc;

Author: Martina Bellini