Kirkland Advises Glentra Capital on Investment in energyRe in Connection with its $1.2 Billion Capital Raise to Accelerate U.S. Clean Energy Transition
Kirkland & Ellis advised Glentra Capital on its investment in energyRe LLC in connection with its $1.2 billion capital raise to support the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation and offshore wind, alongside co-investors Novo Holdings and Denmark-based pension fund PKA. Glentra will leverage its track record in developing and constructing renewable energy assets in the U.S. to support energyRe, an independent U.S. clean energy developer, in expanding its development pipeline and delivering on its ambitious growth plan and mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids. As part of the transaction, Elia Group also agreed to acquire a stake in a subsidiary of energyRe: energyRe Giga.
The Kirkland team was led by corporate partners Kristin Mendoza, Ahmed Sidik, Austin Uhm and Qasim Rasool and associate Marie-Joe Abi-Nassif, with debt finance partner Robert Eberhardt; ESG & impact partner Alexandra Farmer; and tax partners Bill Dong, Michael Masri, Sophia Han and Rebecca Fine.
