Andrew L. Stuyvenberg, P.C.

Power Contracting

• Natural-gas power developers in co-located and data-center-dedicated power supply agreements in PJM and ERCOT.
• Data center developers in utility power-supply and related infrastructure arrangements for gigawatt-scale data centers in MISO, PJM, SPP and ERCOT.
• Natural-gas and renewable power developers in co-located power supply agreements for data centers in ERCOT in both investor-owned utility and electric cooperative territories.
• Major utility in offtake arrangements with data-center and clean-energy buyers in PJM and NYISO.
• Data center developers in co-located power supply agreements for data-center developers in ERCOT in both investor-owned utility and electric-cooperative territories.
• Power and data-center developers in shared-facility arrangements for co-located power and data-center infrastructure in ERCOT, MISO and SPP.
• Energy management agreements and related services agreements for co-locating power and data center developments.
• Data center and power developers in negotiating retail-electric provider contracts in ERCOT.
• Power and data-center developers in negotiating utility sleeving arrangements for data centers or their tenants.

Data Center Power Arrangements

• GIP and KKR-backed CyrusOne in connection with its 380 MW power agreements and related real estate arrangements with Constellation (Nasdaq: CEG) to connect and serve a new data center adjacent to the Freestone Energy Center in Freestone County, Texas.
• Data center developer in the acquisition of more than 700 acres of land in Southern Wyoming in conjunction with a phased, micro-grid delivery of 1.8 GW of electrical power, with additional land and power expansion for an up to 10 GW data center campus.
• Data center developer in a ground lease of 200+ acres of land together with “behind-the-meter” arrangements for up to 400 MW of power for a multi-building, hyperscale data center campus in Bosque County, Texas.
• Talen Energy Corp. on the sale of its 960-megawatt Cumulus data center campus to a major cloud service provider, including negotiation of a behind-the-meter power purchase agreement and attribute-purchase agreement from Talen’s adjacent Susquehanna nuclear facility
• Crusoe in its strategic partnership with Tallgrass, a leading infrastructure company focused on safely, reliably and sustainably delivering energy and services, to develop a 1.8 gigawatt AI data center campus in Wyoming.
• Blackstone in its $25 billion investment and its joint venture with PPL to build out data centers and new natural gas power generation facilities in Pennsylvania.

Other Power-Related Transactions

• Advising joint ventures seeking to deploy power solutions to data centers in multiple U.S. geographies.
• Renewable power developers in negotiating power and environmental attribute (bundled or unbundled) purchase agreements.
• Advising data center developers on selection and negotiation of bridging power solutions.
• Data center developers in negotiation of transmission security agreements.
• Data center developers in negotiation of utility pass-through and risk-management provisions in the context of data center leasing and development.
• Data center developers and sponsors in negotiation of power-supply and infrastructure agreements in regulated utility markets nationwide.
• Corporate buyers in negotiating virtual power purchase agreements.

Other Data Center Transactions

• An investor consortium comprised of AI Infrastructure Partnership, MGX and BlackRock’s Global Infrastructure Partners in its $40 billion acquisition of Aligned Data Centers, a provider of data center solutions, from Macquarie Asset Management.
• Cloverleaf Infrastructure in the sale of powered land to Vantage Data Centers in connection with the development of a 1.3 GW data center campus in Wisconsin.
• Private equity investor in the acquisition of more than 300 acres of developable farmland in Spotsylvania, Virginia, together with rights to up to 200 MW of power, for development into a three-building data center campus.
• TPG Rise Climate, Climate Adaptive Infrastructure and Greenbelt Capital Partners in the $4.75 billion sale of Intersect, a provider of data center and energy infrastructure solutions, to Alphabet (Nasdaq: GOOGL).
• Snowhawk in an investment, together with Nuveen, in Prime Data Centers, a data center developer and operator.
• GIP and KKR-backed CyrusOne in its $4.4 billion joint venture with Energy Capital Partners to develop a new 190 MW hyperscale data center campus in Bosque County, Texas.
• CoreWeave (Nasdaq: CRWV) in its proposed $9 billion all-stock acquisition of Core Scientific (Nasdaq: CORZ), a provider of data center infrastructure.
• Morgan Stanley Infrastructure Partners on its definitive agreement to acquire a co-control common equity stake in Flexential, a leading data center solutions provider.
• TPG Rise Climate, Climate Adaptive Infrastructure and Greenbelt Capital Partners in an $800 million equity investment in Intersect Power Holdings, LLC, alongside Google, to provide scaled renewable power and storage solutions to new data centers.
• Blackstone Energy Partners and its portfolio company Lancium in the construction loan and a letter of credit facility provided by Santander to finance its Abilene project.

Other Energy & Infrastructure

• Ares Management Infrastructure Opportunities funds in an investment in a partnership with ENGIE North America holding a 2.7 GW portfolio consisting of 15 power projects in operation across ERCOT, MISO, PJM and SPP.
• Aypa Power I LLC, a portfolio company of Blackstone Energy Partners, in connection with a $650 million senior secured multi-tranche hybrid credit facility.
• Spring Valley Acquisition Corp. on its definitive business combination agreement with NuScale Power, LLC.
• ContourGlobal, an independent power producer with a diversified global presence and portfolio company of KKR, in connection with the closing of its $612 million refinancing of a 1,205 MW portfolio of Natural Gas power plants located in California, New Mexico and Texas.
• TPG Rise Climate Transition Infrastructure on its definitive agreement to acquire Altus Power, Inc., the largest owner of commercial-scale solar in the U.S.
• Gates Frontier in connection with its additional investment in TerraPower, a leading nuclear innovation company, in its $750 million fundraising round co-led by Gates Frontier and SK Inc. and SK Innovation.
• Howard Energy Partners in its acquisition of interests in the Midship Pipeline from Cheniere Energy.
• Blackstone Infrastructure Partners in its approximately $1 billion equity investment in Invenergy Renewables Holdings LLC.
• Ontario Teachers’ Pension Plan Board (OTPP) in its $250 million majority stake investment in Sevana Bioenergy, a developer of large-scale renewable natural gas projects.
• MAS Energy LLC and MAS CanAM LLC in the sale of MAS CanAm’s renewable natural gas development platform to CIM Group.
• Blackstone Infrastructure Partners on its participation in a consortium of investors that secured an almost 84,000 acre lease for $645 million in the U.S. Bureau of Ocean Energy Management’s New York Bight offshore wind auction.
• Rice Acquisition Corp., a special purpose acquisition company, in its $1.15 billion business combination with Aria Energy LLC and Archaea Energy LLC to form Archaea Energy, a publicly-traded renewable natural gas platform.
• Mas CanAm LLC in its $355 million sale of three renewable natural gas landfill assets to Kinder Morgan Inc.
• Cypress Creek Renewables, a leading vertically integrated renewable energy platform, on its acquisition by EQT Infrastructure V fund from certain funds managed by HPS Investment Partners, LLC and Temasek.
• Macquarie Asset Management (MAM) and Ontario Teachers’ Pension Plan Board on the signing of an agreement to jointly acquire a 31.6 per cent stake in Puget Holdings from Canada Pension Plan Investment Board (CPP Investments).
• EQT Infrastructure’s acquisition of Covanta Holding Corporation (NYSE: CVA), an owner and operator of Waste-to-Energy facilities in North America, in a transaction valued at $5.3 billion.
• The Rise Fund, a global impact investing platform managed by TPG Global, in its acquisition of a majority stake in Element Markets, LLC , the leading independent marketer of renewable natural gas and environmental commodities in North America.
• Cypress Creek Renewables on a mezzanine debt financing backed by a 1.6 GW portfolio of operating solar projects, and on a senior financing of a portfolio of 14 operating solar projects.
• Ares’ Infrastructure & Power strategy in its acquisition of a majority stake in Apex Clean Energy and certain related co-investment arrangements.
• KKR in its definitive agreements with NextEra Energy Resources and NextEra Energy Partners, LP to acquire a large portfolio of renewables assets.
• GSO Capital Partners LP, predecessor to Blackstone Credit, in its preferred and common equity investment in Altus Power America, Inc., a solar generation company, as part of an $850 million recapitalization of Altus.
• TPG in its preferred equity investment of up to $140 million to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin.
• Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin.
• Advised major wind and solar developer on revisions to form of virtual power purchase agreement.
• The lenders in the financing of Guernsey Power Project.
• EIG Global Energy Partners in its $750 million acquisition of equity interests in South Texas Midstream, LLC, a newly-formed joint venture with NextEra Energy Partners, LP.