Vinson & Elkins LLP advised Blackstone Credit on the deal.
GreenStruxure, a joint venture of Schneider Electric and Huck Capital, and ClearGen, a Blackstone portfolio company, announced a strategic partnership that will accelerate the ability for commercial and industrial (C/I) customers to transition to cost-effective, sustainable and resilient energy.
Through this partnership, GreenStruxure will develop and operate highly standardized on-site renewable energy microgrid systems. ClearGen will provide the capital to develop the assets through a $500 million commitment of long-term capital provided by funds managed by Blackstone. Customers in the underserved C/I market will benefit from a turnkey Energy as a Service solution that gives them the energy outcomes they need to meet their business and sustainability goals with no upfront capital outlay and no operational risks.
The V&E corporate team was led by partners Alan Alexander (Picture), Michael Joyce and Matt Falcone, with assistance from senior associate Yong Eoh and associates Caroline McDonald, Richard McNulty and Carly Goodson. Also advising were partners Todd Way and Sean Moran and counsel Debra Duncan and Mary Alexander; counsel Damien Lyster and associate Michael Carroll; and associate Briana Falcon.
Involved fees earner: Alan Alexander – Vinson & Elkins LLP; Mary Alexander – Vinson & Elkins LLP; Debra Duncan – Vinson & Elkins LLP; Yong Eoh – Vinson & Elkins LLP; Briana Falcon – Vinson & Elkins LLP; Matthew Falcone – Vinson & Elkins LLP; Carly Goodson – Vinson & Elkins LLP; Michael Joyce – Vinson & Elkins LLP; Damien Lyster – Vinson & Elkins LLP; Caroline McDonald – Vinson & Elkins LLP; Richard McNulty – Vinson & Elkins LLP; Sean Moran – Vinson & Elkins LLP; Todd Way – Vinson & Elkins LLP;
Law Firms: Vinson & Elkins LLP;
Clients: GSO Capital Partners LP;