Kirkland & Ellis LLP advised Sumitomo Corporation of America (SCOA), a subsidiary of Tokyo-based Sumitomo Corporation, in its approximately $200 million investment in Caithness Shepherds Flat, LLC, announced today. Caithness Shepherds Flat is the owner of the 845 megawatt Shepherds Flat wind project, which when completed in 2012 will be the largest wind project in the world. The Shepherds Flat wind project stretches across 30 square miles of Gilliam and Morrow Counties in north-central Oregon. Once complete, the project will generate enough energy to supply more than 235,000 average U.S. homes, and will avoid more than 1.5 million tons of carbon dioxide per year, the equivalent amount of carbon dioxide from approximately 260,000 passenger vehicles.
Washington, D.C., partners Mitch Hertz and Patrick Groomes advised SCOA on the transaction. Chicago partner Tom Evans advised on tax matters.
About Kirkland & Ellis
Kirkland & Ellis is a 1,500-attorney law firm representing global clients in complex energy, corporate, restructuring, litigation and dispute resolution/arbitration, tax and intellectual property matters. The Firm has offices in Washington, D.C., Chicago, Hong Kong, London, Los Angeles, Munich, New York, Palo Alto, San Francisco and Shanghai.
About Sumitomo Corporation of America
Sumitomo Corporation of America (SCOA) with consolidated assets of $6.4 billion is a wholly owned subsidiary of Sumitomo Corporation (SC), an integrated trading and investment enterprise engaged in multifaceted business activities, which include selling a variety of domestic products and services, conducting import/ export and trilateral business transactions, providing domestic and international business investment, and participating in numerous other profitable activities facilitated by its global network and the relationships of trust built with corporate business partners and consumers in various industrial sectors around the world.
About Sumitomo Corporation
Sumitomo Corporation is a leading general trading company, with 150 locations in 70 countries throughout the world. The entire Sumitomo Corporation Group ("the Group") consists of nearly 900 companies and more than 60,000 personnel. The SC business is continuously expanding into a diverse range of products and services. Its core business units are Metal Products; Transportation & Construction Systems; Infrastructure; Media, Network & Lifestyle Retail; Mineral Resource, Energy Chemical & Electronics; General Products & Real Estate; and Financial & Logistics.