Foley Hoag Represents CleanCapital in Partnership with BlackRock Real Assets

November 13, 2018

Foley Hoag LLP represented CleanCapital, LLC in the negotiation of a financing partnership with BlackRock Real Assets formed to acquire 46.9 MW of solar assets from ATN International, Inc., a subsidiary of investment firm Ahana Renewables. The acquisition, consisting of 60 operating solar projects located in California, Massachusetts and New Jersey, is CleanCapital’s largest to date.

Founded in 2015, New York-based CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects, giving project owners an opportunity to exit their portfolios while providing accredited investors with unique access to the clean energy investment market. 

The transaction highlights both CleanCapital and BlackRock’s ability to execute on large, complex deals in the distributed clean energy space. CleanCapital’s technology-driven approach, coupled with access to dedicated capital from funds managed by BlackRock, will streamline and expedite due diligence and analysis, allowing complex deals to close efficiently. 

Foley Hoag partner Mark Barnett advised CleanCapital in the transaction together with Nick Romanos, Prem Malali and Erica Harrington.

About Foley Hoag LLP

Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and staff contribute to the exceptional senior level service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.