Ethan Schultz guides clients in acquisitions and divestitures, joint ventures, financings, and other corporate and commercial transactions in the energy and infrastructure sectors.

Ethan represents strategic and financial investors, independent power producers, project developers, public utilities and financial institutions across a wide range of asset classes, with a particular focus on renewable energy and cleantech infrastructure.

He draws on extensive transactional experience in the energy space to help clients efficiently achieve their commercial objectives.

While in law school, Ethan served as Executive Editor of the University of Pennsylvania Law Review. Before that, he worked as a financial analyst for Enron and Project GRAD USA, a nonprofit focused on improving public education.

Ethan's experience includes representing:

  • First Solar in:
    • Project and portfolio sales to EDP Renewables, Longroad Energy Holdings, Goldman Sachs Renewable Partners, Dominion Energy, EDF Renewable Energy, Southern Power, DE Shaw Renewable Investments, Exelon, NRG Energy and Capital Dynamics, among others, comprising more than 4,000 MW*
    • The sale of its solar project development business to Leeward Renewable Energy*
    • The tax equity financings of the 179 MW Switch Station project by JPMorgan and the 40 MW Kingbird project by State Street*
    • The formation and initial public offering of 8point3 Energy Partners, its joint-venture yieldco with SunPower*
    • The US$1.7 billion sale of its interests in 8point3 to Capital Dynamics*
    • The US$1.46 billion financing of the 550 MW Desert Sunlight project*
    • The US$646 million financing of the 230 MW Antelope Valley Solar Ranch One project*
    • The US$967 million financing of the 290 MW Agua Caliente project*
  • EDF Renewables in its US$100 million sale of a non-controlling interest in PowerFlex, a provider of solar, storage and EV charging solutions for C&I customers, to Manulife Investment Management 
  • Wafra Inc. in its acquisition of a controlling interest in Mission Clean Energy, a utility-scale renewable asset developer 
  • Core Solar in its sale to TotalEnergies Renewables USA*
  • SunEast Renewables in its sale of a 900 MW development-stage solar portfolio to Cordelio Power*
  • Brookfield Renewable in:
    • Its formation of a joint venture with California Resources Corporation to develop carbon capture and sequestration projects and related infrastructure
    • Its strategic collaboration agreement with Amazon to develop renewable energy projects and pursue additional green energy opportunities*
    • Its acquisition of a portfolio of development-stage solar projects in MISO*
    • The US$560 million private placement financing for a 192 MW hydroelectric project in Louisiana*
    • The US$199 million refinancing of a 351 MW hydro portfolio in Tennessee and North Carolina*
  • Clearway Energy Group in:
    • Its sale of a 60% interest in the Victory Pass and Arica projects, two co-located solar and storage projects totaling 463 MW PV and 186 MWh BESS capacity, to AIP Management 
    • Its sale of the Wildflower Solar project to Duke Energy Sustainable Solutions
  • BlackRock Real Assets in the separate sales of its interests in the Aurora solar portfolio, Howard wind project, CWS Zephyr wind project, and the Elk and Hawkeye wind projects to Greenbacker Renewable Energy*
  • Sonnedix in connection with the sale of a development-stage solar portfolio in Spain*
  • Ontario Power Generation in its US$298 million acquisition of Eagle Creek Renewable Energy*
  • InterGen in:
    • The sale of its Mexico assets and businesses, including six combined cycle gas turbine (CCGT) projects, to Actis Group for a US$1.3 billion enterprise value*
    • Its purchase from IEnova of a 50% interest in Energía Sierra Juárez, a 155 MW wind facility in Mexico*
    • The US$1.8 billion refinancing of its senior secured credit facilities*
  • Enel Green Power North America in acquiring a US-based energy services and technology provider*
  • Centaurus Renewable Energy in the tax-equity financing of the 28 MW Frontier Solar project*
  • JPMorgan Asset Management in the acquisition of Sonnedix Power Holdings*
  • Emera Energy in:
    • The US$223.3 million sale of its 49 percent interest in Northeast Wind Partners, a 419 MW portfolio of wind projects, to First Wind Holdings*
    • Its US$541 million purchase of a 1,050 MW portfolio of three combined-cycle gas-fired generating facilities from Capital Power*
  • NorthWestern Energy in its US$900 million purchase from PPL of a 633 MW portfolio of 11 hydroelectric generating facilities in Montana*
  • ArcLight Capital in the sale to Carlyle Power Partners of a 50.1 percent interest in Southeast PowerGen, a 2,800 MW portfolio of gas-fired peaking plants*
  • Quantum Utility Generation in its sale of the Passadumkeag wind project to Southern Power Company*
  • Électricité de France in its US$4.5 billion acquisition of a 49.99 percent interest in Constellation’s nuclear generation business*
  • Goldman Sachs Renewable Power in connection with a US$525 million warehouse financing facility*
  • 8point3 Energy Partners in its US$775 million term-loan and revolving credit facilities*
  • The US Department of Transportation as a lender under the TIFIA program in the US$1.9 billion financing of the Dulles Corridor Metrorail Project (Silver Line Phase 2) and the US$382 million financing of the MBTA positive train control project
  • GE EFS in connection with multiple financing facilities to support the construction of gas-fired generating facilities*
  • SunEdison in refinancing its US$265 million senior secured letter of credit facility*
  • SunEdison Semiconductor in its US$260 million senior secured term-loan and revolving credit facilities*

*Matter handled prior to joining Latham

Bar Qualification

  • District of Columbia
  • Texas

Education

  • JD, University of Pennsylvania Law School, 2005
  • BA, Rice University, 1999