Latham & Watkins Advises Cordelio Power in the Financing of the Moraine Sands Wind Project

Cordelio Power, renewable power producer that manages an operating portfolio of over 1,200 MW of renewable power assets in Canada and the USA, has announced the completion of a construction loan facility and tax equity commitment for the Moraine Sands wind project, which is located in Mason County, Illinois. The 171 MW wind project will sell 100% of its power under a long-term agreement with Microsoft Corporation.

Latham & Watkins LLP represented Cordelio Power in the transaction with a deal team led by partners Eli Katz, Kelly Cataldo and Hamad Al-Hoshan, with associates Jiyeon Chun, Deborah Ogali, and Austin Wruble on the debt financing team, and associates Kailash Gupta and Michael Zucker, on the tax equity team. Advice was provided on tax matters by counsel Isaac Maron and energy regulatory matters by partner Tyler Brown.