Foley Hoag LLP represented leading independent power producer Soltage, LLC in a $250 million partnership with Harrison Street, a leading investment management firm exclusively focused on alternative real assets, to fund solar and other clean energy infrastructure assets developed by Soltage. The two companies will deploy up to 450 megawatts (MW) of new distributed solar and storage projects across the United States that will be owned by the partnership and operated by Soltage.
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 across the United States. For more than a decade, the company has successfully raised and invested capital into clean energy infrastructure to provide clean power and drive local economic growth. Soltage's previous investment partnerships have financed $1 billion in the U.S. clean energy economy over the last fifteen years, and have developed more than 100 solar energy projects with more than 400 MW total distributed generating capacity under construction and management.
Foley Hoag attorneys Mark Barnett, Nicholas Romanos, Sara Mattern, Maxwell Tenney, Mariah Figlietti and Sophia Sun represented Soltage in the transaction, with additional support provided by Zachary Gerson, Thomas Draper and other colleagues.