Latham & Watkins Advises ArcLight in Acquisition of Minority Interest in Kleen Energy Systems Power Plant

ArcLight Capital Partners, LLC (collectively, ArcLight) has announced that an affiliate of ArcLight has entered into a definitive purchase agreement with Sojitz Corporation of America to acquire Sojitz's indirect ownership interests in Kleen Energy Systems, LLC, including 100% of the preferred equity and a minority common equity ownership interest. Kleen owns an efficient 620-megawatt natural gas-fired power plant located in Middletown, Connecticut. The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals.

Latham & Watkins LLP represents ArcLight in the transaction with a corporate deal team led by New York partners David Allinson and Jane Greyf, with associates Thomas Engelhardt, Katherine Cody, and Sally Wu. Advice was also provided on finance matters by New York partner Chirag Dedania; on tax matters by Bay Area partner Katharine Moir, with associate Gregory Conyers; on environmental matters by Washington, D.C. partner James Barrett; on litigation matters by New York counsel Zachary Rowen; on real estate matters by Chicago counsel Jeffrey Anderson; and on insurance matters by Los Angeles partner Drew Levin.