Latham Advises Doral Renewables on US$400 Million Equity Investment by APG

Latham & Watkins has advised Doral Renewables, a leading US developer, owner, and operator of renewable energy and storage projects, on a US$400 million minority equity investment by Dutch pension APG on behalf of the largest Dutch pension fund ABP. Doral Renewables is an independent power producer specializing in partnerships with farming communities across the US to build large-scale, greenfield projects that meaningfully advance the energy transition.

The investment by and partnership with APG will accelerate the development and construction of Doral Renewables’ energy pipeline.

The Latham team was led by New York corporate partners David Owen and David Kurzweil and London corporate partner Joshua Kiernan, with New York associates Natasha Burnett, Aubrey Steiger, and Tess Cobrinik, with Washington, D.C. associate Taylor Allison and Tel Aviv associate Gilad Zohari. Advice was also provided on tax matters by Houston partner Jim Cole and Bay Area associate Gregory Conyers; on executive compensation and employee benefits matters by New York partner Max Raskin and Chicago associate Kevin Matheny; on real estate matters by New York counsel Lisa Brabant and associate Chika Onyejiukwa; on environmental matters by Los Angeles/Houston partner Joshua Marnitz and associate Reilly Nelson; on regulatory matters by Washington, D.C. partner Tyler Brown and counsel Anna Biegelsen; on intellectual property matters by New York counsel Carrie Girgenti; on labor matters by Chicago partner Nineveh Alkas and Boston associate Jocelyn Wexler; on representation and warranty insurance matters by Los Angeles partner Harrison White; on CFIUS matters by Washington, D.C. partner Les Carnegie, with counsel Zachary Eddington and associate Sara Castiglia; and on anti-money laundering matters by partner Eric Volkman.