A&O advises Advantage Capital on its USD185 million tax equity financing to Sabanci Renewables for the Cutlass Solar II Project
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Matthew Nesburn
Partner
Los Angeles
Scott Cockerham
Partner
Washington, D.C.
George Cannon
Partner
Washington, D.C.
Jillian Ashley
Partner
New York
Ken Rivlin
Partner, Global Co-Head Environment, Climate and Regulatory Law Group and the International Trade Group
New York
Dave Lewis
Partner
New York
Michael Sykes
Associate
Washington, D.C.
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Advantage Capital's tax equity investment, which leverages federal Investment Tax Credits (ITCs), will provide the external capital necessary for Sabanci to complete construction of the project.
"We are delighted to have advised Advantage Capital on this impactful tax equity investment in Sabanci's Cutlass II project, which will help to advance the transition to a low-carbon economy in Texas and beyond,” said Matt Nesburn, partner at Allen & Overy. “This transaction demonstrates the continued attractiveness of the U.S. solar market for international developers and investors.”
The team was led by Los Angeles based partner Matt Nesburn and Washington, D.C. based partners Scott Cockerham and Chip Cannon. With additional support from New York based partners Jillian Ashley, Ken Rivlin and Dave Lewis; Washington, D.C. based associates Michael Sykes and Marcela Varela; New York based associate Connor Steelberg and San Francisco based associate Aswini Endlur.