Latham & Watkins Advises Power Sustainable and Potentia Renewables on Investment in Desert Quartzite Solar + Storage Project

Power Sustainable Energy Infrastructure Inc. (PSEI), the renewable energy infrastructure investment group of Power Sustainable, has announced the closing of a strategic 50% investment in the Desert Quartzite project, a 300 MW solar generation and a 150 MW battery energy storage facility currently under development by EDF Renewables North America in Riverside County, California. The investment was executed with Potentia Renewables Inc, PSEI’s integrated renewable energy developer and operator.

Latham & Watkins LLP represents PSEI in the transaction with a team led by Washington, D.C./Houston M&A partner Ethan Schultz and Houston tax partner Jim Cole, with associates Herminio Rivera, Patrick Loeffler, Matt de Bernardo, Nate Gelfand-Toutant, and Priya Patel, along with tax associate Jared Kawalsky. Advice was also provided on project development matters by London counsel Evelyne Girio, with associates Salvador Jose and Daniel Chen; on energy regulatory matters by Washington, D.C. partner Tyler Brown, with associate Sam Wong; on environmental matters by Washington, D.C. partner Janice Schneider, Los Angeles/Houston partner Josh Marnitz, San Diego counsel Daniel Brunton, with associates Brian McCall and Bruce Johnson; on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg; on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Britton Davis; on executive compensation matters by Washington, D.C. partner Matt Conway and Houston counsel Krisa Benskin; and on derivatives matters by New York partner Yvette Valdez, with associate Tiiu Lemsalu.