Kirkland Advises Apex on $30 Million Royalty Investment with Great Bay Renewables
Kirkland & Ellis counseled Apex Clean Energy on entering into a $30 million royalty investment with Great Bay Renewables, related to Apex’s 195 MWac Angelo Solar project in Tom Green County, Texas, which is anticipated to achieve commercial operations in May 2024. Apex is an established industry leader in origination, commercialization, construction, and operation of utility-scale renewable energy projects, with one of the largest portfolios of renewable resources in the nation. The full capacity of Angelo will be sold to Meta under an environmental attribute purchase agreement.
The Kirkland team was led by debt finance partners Leila Ravi, Rohit Chaudhry and William Nicholson; corporate partner Rob Goodin and associate Austin Johnson; tax partners Mike Masri and Bill Dong; and energy regulatory partner Drew Stuyvenberg.
