Latham Advised Recurrent Energy in US$120 Million Project Financing and US$80 Million Tax Equity for the Liberty Solar Project

Recurrent Energy, a global developer and owner of solar and energy storage assets, has announced that it has closed project financing for its 134 MW (100 MWac) Liberty Solar project. The project is currently under construction in Liberty County, Texas, about 50 miles northeast of Houston, and is expected to reach operation in 2024.

Latham & Watkins LLP advised Recurrent Energy in the matter with a team led by San Diego partner Omar Nazif, with assistance on debt matters by associates Joanna Gorska, Jessica Lietz, Nick Eberhart, and assistance on tax equity matters by Los Angeles counsel Stephen Yeh, and associate Catie English. Advice was also provided on hedging matters by New York partner Carlos Alvarez, with associate Tiiu Lemsalu; on tax matters by New York partner Eli Katz, Washington, D.C. counsel Isaac Maron, and associate Michael Syku; and on regulatory matters by Washington, D.C. partner Tyler Brown, and associate James Blackburn.