Foley Hoag LLP represented independent power producer Soltage LLC in securing a significant investment from Prudential Capital Group. The funds will be used to drive Soltage's corporate growth, and support the acquisition and development of new solar projects and strategic initiatives of the company.
Headquartered in Jersey City, New Jersey, Soltage is a leader in the development, financing and operation of distributed utility-scale solar assets for commercial, industrial and municipal customers across the United States. The company has over 100 solar projects and more than 300 MW of generation capacity under construction and management across fourteen states. Since its founding in 2005, the company has deployed more than $600 million into solar generation projects.
Foley Hoag attorneys Mark Barnett, Earl Mellott, Tom Draper and Max Tenney advised Soltage in the transaction.