Milbank LLP advised LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector, in connection with its agreement with Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN”) to acquire its renewable energy business.
The renewables business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 megawatts (MW) of generating capacity and an 8,000 MW pipeline of wind, solar, battery energy storage and renewable natural gas projects in various stages of development. Approximately 2,700 MW of the portfolio’s assets are located in the US, across NYISO, MISO, PJM, ERCOT and CAISO markets, with the remaining 300 MW located in Canada.
The Milbank team was led by Global Project, Energy and Infrastructure Finance partners Bill Bice and Jeff Leider. The team also included Global Project, Energy and Infrastructure partner Kyle Smit, special counsel Jeremy Schwer and Rhys Howard, and associates Anya Andreeva-Quirk, Ariel Oseasohn, Julia Zenker, Joseph Folds, Kelsey Scribner, Annie Harper, Eliza Schmitt, Aljoharah Albasri, Travis Haltom, Chelsea Minuche, Sama Rahman, Natália d'Avila, Zach Birenbaum, Upasana Guha Niyogi, and Aaron Rudyan, and Tax partner Max Goodman and associates David Hanno and Jesse Hong.
