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Foley Hoag Advises Soltage in Launch of New Solar Funding Vehicle

July 30, 2019

Foley Hoag LLP advised independent power producer Soltage LLC in a collaboration with Basalt II, an infrastructure equity investment fund managed by Basalt Infrastructure Partners LLP, to launch Helios Power - a new vehicle targeted to fund the construction of 200 megawatts of solar assets across the United States. Helios Power will make investments in distributed solar assets in the commercial and industrial, utility, community solar, municipal and corporate PPA markets, as well as solar plus storage, stand-alone storage and operating solar investments.

New Jersey-based Soltage is a leader in the development, financing and operation of distributed utility-scale solar assets for commercial, industrial and municipal customers. The company has developed more than 100 solar energy projects with more than 300 MW total distributed generating capacity under construction and management. 

Foley Hoag attorneys Mark Barnett, Nicholas Romanos and Maxwell Tenney represented Soltage in the transaction.