01 Jan '16, 2am

Milbank advises on purchase of stake in solar portfolio from Dominion

Milbank advises on purchase of stake in solar portfolio from Dominion

In its latest major transaction in the solar power sector, a Milbank, Tweed, Hadley and McCloy LLP deal team led by corporate partner John Franchini and project finance partner Timothy Wendling advised institutional investors advised by J.P. Morgan Asset Management - Global Real Assets in the acquisition by Terra Nova Renewable Partners from Dominion of a 33 percent stake in a 336 megawatt DC portfolio of operating solar power plants for $180 million plus a working capital adjustment, as detailed in the press release issued by SunEdison. Terra Nova Renewable Partners is the strategic equity partnership formed between SunEdison and institutional investors advised by J.P. Morgan Asset Management - Global Real Assets. This acquisition is the first of two phases of a deal announced in September of 2015. The entire solar portfolio consists of 24 projects, with a total capacity ...

Full article: http://www.solardaily.com/reports/Milbank_Advises_on_purc...

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