Holland & Hart represented Verdant Microgrid, LLC (“Verdant”), a leading clean energy development company, in a $150 million exclusive financing agreement for the development of microgrid projects with ClearGen, LLC, a Blackstone Credit portfolio company that works with partners to deliver efficient and reliable energy infrastructure to consumers.
Verdant develops, designs, builds, and operates distributed generation projects for leading global commercial and industrial customers. This new partnership with ClearGen enables projects to be owned by ClearGen and operated and managed by Verdant. Energy that is produced by the microgrids is sold to the customers under long-term energy services agreements. This collaboration will address the growing market for on-site, distributed generation using multiple clean energy technologies.
The Holland & Hart transactional team was led by corporate partner Sam Edwards. The Verdant client team also included assistance from project development partners Leslie Boyle and Rochelle Rabeler, as well as Ryan Martin, Rocío Portela-Berríos, and Byron Crowe, all of whom are part of Holland & Hart’s Energy & Infrastructure practice.
For more information, please view Verdant Microgrid’s press release.
Holland & Hart’s Energy & Infrastructure attorneys have extensive experience advising clients on all aspects of project development and finance, with a particular focus on wind, solar, battery storage, and other renewable and clean-tech projects.