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Allen & Overy Advises on USD285 Million Solar and Storage Projects in Hawaii

Allen & Overy (“A&O”) today announced it advised Clearway Energy Group (“Clearway”) on the USD285 million transaction to finance two solar plus storage projects in O’ahu, Hawaii.

The plants - the 39 MW Mililani I Solar project and the 36 MW Waiawa Solar Power project - add 300 MWh of energy storage to the island’s energy grid.  When built, the facilities will be the first integrated utility-scale battery storage and solar projects on the island of O’ahu. 

Led by A&O partners John Marciano and Dan Sinaiko, the Projects, Energy, Natural Resources and Infrastructure team advised Clearway on all financing aspects of this project while Natixis acted as the lead arranger, Canadian Imperial Bank of Commerce and MUFG were joint lead arrangers and JPM Capital Corporation served as the tax equity investor. 

“We are proud to provide counsel to Clearway on this notable investment in solar and battery storage, which will provide much-needed clean, reliable local power to the people of O’ahu,” said Dan Sinaiko. “We look forward to continuing to support our clients as they move the needle on the energy transition through renewable projects across the U.S.”

The A&O team that supported this transaction included Jeff Quinn-Cane, Bassam Chain, Marcela Varela-Sisley, Shah Mohammadi, Nathanael Kraintz, Sam Guthrie, Nick Ognibene, and Vinod Aravind.